Dubai-based hotel team Jumeirah sets sights on Hong Kong as China growth rolls on
José Silva, the CEO in the enterprise that operates the long-lasting Burj Al Arab five-star hotel in Dubai, says he would a great deal love to personal a residence outright in Hong Kong
Jumeirah Team, the Dubai-based high-end hotel operator known for its iconic sail-shaped residence, is eyeing Hong Kong right after laying the groundwork for enlargement in China at the same time as the city’s luxurious lodge
scene receives overcrowded with a few in the best-known names within the world.
In January, Niccolo Resorts opened The Murray in Central. Rosewood Resorts & Resorts will soon open its first ultra-luxury property this winter in Tsim Sha Tsui, while Marriott International will debut its St
Regis brand in Wan Chai early next year.
But Jumeirah’s CEO José Silva is unfazed.
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And there’s good reason for it. Revenue per available room - a key industry measure - has increased more than 10 per cent in Hong Kong within the past 12 months through July, according to the latest CBRE
“From the moment you sign a deal to the moment you start operations, there will probably be 20 more hotels,” said the veteran hotelier, who took over in March. “You should be well prepared for a lot more
competition when it comes.”
The operator of your Burj Al Arab in Dubai is considering a move into Hong Kong not only through managing hotel management but also through owning a property.
“We will be more comfortable as an investor, buying a building, running and managing our possess lodge here,” said Silva. “Hong Kong has a extremely stable and mature residence market, where price keeps on
increasing; thus our asset will be secured from the gains during the value.”
He however did not provide a timetable for the entry or reveal details about any ongoing talks.
Inns outside Hong Kong’s flashy areas should avoid the rush to convert to offices, Colliers states
While the organization scouts for the right house in Hong Kong, Jumeirah has been slowly making inroads in China.
The company recently opened a resort in Nanjing, the capital of Jiangsu province.
Situated on the 39th to 67th floors during the prestigious International Youth Cultural Centre designed by the late Iraqi-British architect Zaha Hadid, the Jumeirah Nanjing has 212 rooms and 49 suites with views
of Yangtze River.
It is Jumeirah’s second ultra-luxury resort in China, seven years soon after its first, Jumeirah Himalayas Resort, in Shanghai was launched.
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Compared to other international resort chains’ high-speed pursuit in China, Jumeirah does not seem be in a rush. Jumeirah has had to abandon plans for a second hotel in Shanghai because of differences with