If you have not heard of Jumeirah Hotels, it is understandable. It is part of Dubai Holding which is owned by Dubai royal family.
Jumeirah Hotels is best known for developing Burj Al Arab, the self-professed 7-star hotel.
Right now, it operates 27 hotels. More than half of these are in UAE. It also has properties in Bahrain, China, Germany, Kuwait, Maldives, Spain and UK. Reportedly, the average revenue per available room is approximately $500!
At the Arabian Travel Market 2019, Jumeirah announced substantial foray into markets outside of UAE. It is clear that the next growth phase will come from international expansion. Both within Middle East and beyond.
Jumeirah International Plans – Announced
Jumeirah had formally announced work on the following properties
- Jumeirah Muscat Bay, Oman
- Jumeirah Atakoy Hotels & Residences, Istanbul, Turkey
- Jabal Omar Jumeirah Makkah, Saudi Arabia
- Jumeirah Guangzhou, China
- Jumeirah Hangzhou, China
- Jumeirah Thousand Islands Lake Resort, Qiandaohu, China
- Jumeirah Wuhan, China
- Jumeirah Bali, Indonesia
- Jumeirah Kuala Lumpur Hotel & Residences, Malaysia
- Jumeirah St. Petersburg, Russia
At Arabian Travel Market, the Group has confirmed that properties in Bali and Guangzhou will open in 2019.
Jumeirah International Plans – Future
Jumeirah has also confirmed that it is actively seeking opportunities in US and European market. Investments could reach a billion dollars. It will be targeting New York, Miami, and Los Angeles in US and Paris and Rome in Europe.
However, none of these investments have been finalized.