HVS Global Hotel Industry: 2023 Recap and 2024 Outlook
As 2023 ends, regional HVS leaders across the globe take a look back at how the global hotel industry fared this year. Overall, operating metrics shined brightly, with revenue growth achieved in most global markets, while investment activity cooled. The investment market is expected to improve in 2024.
Charleston, SC: Making & Preserving History
Europeans first settled in the city that would become Charleston over 350 years ago. Charleston’s rich history is one of the drivers of its thriving tourism sector, which tallied 7.68 million visitors in 2022. In the hospitality industry, Charleston continues to make history, while local initiatives are also making strides to preserve it.
Building Hotels in a Challenging Environment | FHS 2023
Watch Hala Matar Choufany's discussion about the region's development of hotels, the existing challenges, and opportunities, at the 2023 Future Hospitality Summit
HVS Monday Musings: Spreading Wings Wide – India’s Outbound Travel Market
India's outbound travel sector is witnessing a resurgence, mirroring a trend akin to the pent-up demand that fueled domestic tourism in the last two years. Read on to know more.
A new chapter in the region’s growth story
Strategic master plans and reforms point to a growing appetite for hospitality investment and development across the GCC, bringing opportunities to benefit from attractive returns and contribute to the growth and diversification of regional economies. Hala Matar Choufany, president, HVS Middle East, Africa and South Asia, maps out the openings and challenges, and crunches the numbers.
In Focus: Singapore
HVS publication In Focus Singapore 2023 provides an overview of Singapore’s economic outlook, infrastructure development, tourism landscape and hotel market performance, hotel transactions and investment in 2022, COVID-19 situation and outlook.
Jordan’s soaring tourism sector
Jordan has become a popular travel destination in the Middle East. It was ranked the sixth Arab country in the 2022 Travel and Tourism Development Index and listed within the top 10 tourist destinations in 2023 by the US Tour Operator Association. Maria Quintero, HVS’ associate – consulting and valuation, provides insights into Jordan’s success and the factors that make it an appealing choice for travelers worldwide.
USD 1 trillion KSA development pipeline reinforces Vision 2030’s ambitious goals
Hala Matar Choufany, President of Middle East, Africa, and South Asia for HVS, together with Turab Saleem, Head of Tourism and Hospitality at Knight Frank, contributed to the article on the future of tourism in the Kingdom of Saudi Arabia
Bahrain: The Ultimate Escape Destination
Hala Matar Choufany, president for the Middle East, Africa, and South Asia at HVS, defines Bahrain’s hospitality scene and details what makes it the ultimate tourism destination.
AHIF - Pop-up Talk with Hala Matar Choufany
In the pop-up talk after the Africa Hospitality Investment Forum (2022), Hala Matar Choufany shares her main key takeaways.