Hotel Valuation Index (HVI) 2021 Middle East & Africa

While the hospitality industry is incredibly robust and regularly adapts to changing market conditions, the 2020 global pandemic had a significant impact on travel and tourism globally and resultant hotel values. Arguably, hotel ownership and hotel investments are considered long-term investments as the value is based on the future income that the asset is likely to generate with values adopting the discounted cash flow method of valuation.


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Hala is an experienced Regional President and Managing Partner, an industry expert, and is recognized as one of the most influential leaders in the hospitality industry, notably in the Middle East and Africa region.

Hala has advised on more than 5,000 hospitality and mixed-use projects in the last 20 years across Europe, the Middle East, Africa and Asia. She has advised clients in areas such as Valuations, Acquisitions, Asset Management, Strategic investments and development, Contract Negotiations, and general Real Estate Strategic Advisory.

Hala has authored more than 50 publications and speaks frequently at investment and hospitality related conferences on a range of topics including asset valuation, investments, management issues and women leadership.

In addition to being a Board Member of HVS Global, Hala sits on the Boards of Harvard Business School Club of the GCC, Hotel Investment Advisory Board, and is regularly invited to Boards as a subject matter expert in the industry. Hala is frequently invited to discuss hotel and tourism trends on major news channel including Alarabiya, Bloomberg, Abu Dhabi TV, Forbes, Breaking Travel News and CNN.

Hala is also a member of the International Society of Hospitality Consultants (ISHC). 

Hala completed Executive Education at Harvard Business School. She also holds an MBA in Finance and Strategy from IMHI (Essec- Cornell) University, Paris, France and a BA in Hospitality Management from Notre Dame University, Lebanon. Hala is fluent in English, French and Arabic.

Born in Beirut, Hala lived and worked in several cities across Europe, Asia and Middle East and is a mother of three.

For more information, contact Hala at [email protected].
Rishabh is a Director at HVS MEA. With over 15 years of experience in shaping hospitality projects in emerging hotel markets, he has spearheaded projects in over 40 countries across three continents, collaborating with best-in-class global and regional hotel companies, brands, family offices, property funds and institutional investors. He has successfully completed several strategic assignments, ranging from transactions and portfolio appraisals to asset management and complex contract negotiations. His experience spans across more than a hundred markets and covers city hotels, lifestyle hotels, luxury resorts and safari lodges.

With a foundation built on firsthand experience as a developer/owner in the hospitality sector and managerial roles in India’s finest luxury hotels, he brings a unique blend of industry insight and practical wisdom. Rishabh is a graduate of Taj’s Management Program, holds a Business degree and a First-Class Honors degree in Hotel Management from the University of Huddersfield, UK. He is also a Member of the Royal Institution of Chartered Surveyors (MRICS).

Contact Rish at [email protected].


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