This follows a successful Q1 performance by its 19-strong Egypt portfolio with average occupancies in the high 70s.
While Hilton's first Lebanon property in Beirut is set to open later this year with 162 rooms, the new-look Hilton Luxor Resort & Spa in Egypt will re-open in Q1 next year (2008) with 235 rooms. Further down the line, Hilton will make its foray into Jordan with Hilton Amman and Hilton Tala Bay Aqaba opening in Q1 and Q2 2009 respectively.
Simon Hasdell, Vice President Operations, Hilton Hotels, Egypt, Lebanon & Jordan said, "we are exploring a number of other opportunities as well, and will disclose details as soon as agreements are signed. Our priority is also to our current portfolio to ensure the highest standards of quality in line with Hilton brand standards worldwide."
Hilton has a total signed pipeline of 11 properties in the Middle East, and a development goal of an additional 20 new signings over the next five years.
Meanwhile, Hilton Egypt saw revenues rise eight per cent year on year for Q1, RevPAR (revenue per available room) increased by ten per cent, and EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) by 20 per cent - in comparison to 2006.
"Our four Cairo properties contribute significantly to the region's financial results. Our regional flagship the Nile Hilton, the first international hotel to open in the Middle East nearly 50 years ago, remains the market leader with an increase in MPI (market penetration index) of nearly three per cent for Q1 this year in comparison with the same period last year."
"The Nile Hilton has over the years played a huge role in Cairo's business and social circles having hosted celebrities such as Frank Sinatra, Jane Russell, Elizabeth Taylor and Mohamed Ali. It continues to be a landmark property with a prime Nile location that we are proud to have in our portfolio," added Hasdell.
Tourism continues to drive income in Egypt with the GCC, Europe, USA and Japan as key source markets. This is estimated to touch 11 million tourists by 2011.
The integration of Hilton Hotels and Hilton International last year, has not only created the largest chain of hotels worldwide by profit, but has also opened up significant opportunities for growth and expansion across all brands within the Hilton Family.
Hilton's current development pipeline, the largest ever, consists of signed contracts for 775 hotels totalling more than 110,000 rooms, of which 75 will be located outside the US.
Caption: An artist impression of the new-look Hilton Luxor Resort & Spa that will open early 2008.
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Hilton Egypt and Levant reveals new developments will open within the next two years
- Egypt: Wednesday, April 18 - 2007 at 11:53
- PRESS RELEASE
Hilton Hotels in Egypt, Jordan and Lebanon has revealed that its four new properties under development will open within the next two years.
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Notes and media contacts
Hilton Hotels Corporation is the leading global hospitality company, with more than 2,900 hotels and 500,000 rooms in 78 countries and territories, including 105,000 team members worldwide.The company owns, manages or franchises a hotel portfolio of some of the best known and highly regarded hotel brands including Hilton®, Conrad®, Doubletree®, Embassy Suites Hotels®, Hampton Inn®, Hampton Inn & Suites®, Hilton Garden Inn®, Hilton Grand Vacations™, Homewood Suites by Hilton®, Scandic and The Waldorf=Astoria Collection®.
The company currently operates 44 hotels in the Middle East and Africa - 19 hotels in Egypt, nine hotels in the UAE, four in Saudi Arabia and one each in Oman and Kuwait, plus another ten hotels in Africa and the Indian Ocean.
Hilton's heritage in the Middle East stretches back nearly 50 years, when it became the first international hotel brand to open a property in Egypt - the Nile Hilton in 1959. It was also the first international hotel brand to open a property in the UAE over 35 years ago - the Hilton Al Ain in 1971.
The 46-suite Qasr al Sharq, or 'Palace of the Orient' which opened last year is now a member of The Waldorf=Astoria Collection®. The first phase of a Worldwide Resort in Ras Al Khaimah, UAE opened in January this year with 151 villa suites right on the beach.
New Hilton properties are under development in the U.A.E - the Residence, Beach Club and Conrad - all in Dubai - and in Abu Dhabi with its first Conrad - in addition to Qatar, Kuwait, Lebanon and Jordan (Amman & Aqaba). Furthermore, the new-look Hilton Luxor Resort & Spa will open after a complete facelift in 2008.
The Hilton Family of Hotels adheres to founder Conrad Hilton's philosophy that, "It has been, and continues to be, our responsibility to fill the earth with the light and warmth of hospitality." The company put a name to its unique brand of service that has made it the best known and most highly regarded hotel company: be hospitable®. The philosophy is shared by all ten brands in the Hilton Family of Hotels, and is the inspiration for its overarching message of kindness and generosity (www.behospitable.com)
For more information about our company, please visit www.hiltonworldwide.com. To download images please visit www.vismedia-online.com
The Hilton Reservations and Customer Care telephone numbers in the Middle East are as follows:
UAE - 8000 20000 11
Qatar - 800 97103
KSA - 800 82000 10
Egypt - 19009
Bahrain - 8000 4058
Jordan - 00 202 5805927
Kuwait - 00965 225 6200
Lebanon - 00 202 5805928
Oman - 800 788788
Syria - 00 202 5805926
For further information please contact:
Samantha Wood
Regional Director of PR & Communications
Hilton Hotels, Middle East
Tel: +971 4 391 5358
Fax: +971 4 391 6791
or
Majid Wasi
JiWin Public Relations
Tel: +971 4 361 3333
Fax:+ 971 4 368 8001
Posted by Lara Lynn Golden, News EditorWednesday, April 18 - 2007 at 11:53 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Sun May 27 2007.
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