HMH highlights the ‘dry’ challenge for hotels
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HMH – Hospitality Management Holdings will highlight the challenging business of dry hotels in the region. Laurent A Voivenel, CEO of HMH – Hospitality Management Holdings said: “Dry hotels are no doubt the most challenging alternative when it comes to expansion – more so in the five-star segment. However, it is a fast growing sector that will continue to claim bigger market share.”
Laurent further added: “A vital part of this growth is coming from the Muslim market as well as those looking for safe environment, and the importance of catering to this demographic is starting to be recognized by players across the board. Therefore, we are witnessing renewed confidence in the dry hotel segment with increasing demand from both owners and travellers.”
The hotel group will be showcasing its alcohol-free brands at the on-going Cityscape Global. The vent has grown substantially – by 25% this year. The event attracts over 35,000 visitors, including property investors, developers, investment promotion authorities, architects, designers and other real estate professionals.
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