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Research reveals latest trends in ME holiday market (page 2 of 2)
- United Arab Emirates: Saturday, April 29 - 2006 at 13:02
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These findings clearly demonstrate the major potential for shared ownership developments within the Middle East, where to date construction within the Gulf region exceeds USD$1 trillion, according to MEED reports. Within Saudi Arabia the value of new projects has doubled to more than USD$200 billion in the last 12 months.
Vivienne Noyes-Thomas, Managing Director of RCI Middle East, commented "today's symposium is a unique forum packed with ground-breaking information for all those with an interest in property development, hospitality and sales. With close on 150 delegates from 15 different countries, it has drawn substantial interest from developers, government organisations and the entire leisure real estate industry."
Other topics covered by speakers from the US, Europe and Asia at today's symposium included The New Generation of Luxury Timeshare, Condo Hotels and Buy to Use and Let property models. Spanish tourism marketing expert Euologio Bordas set the background with a review of Global Tourism Trends and Shared Ownership within the "Dream Society". Key business leaders from the local community - including Elaine Jones, CEO of Asteco, James Wilson, CEO of Nakheel Hotels and Resorts, Patrick Smith, VP Asset Management for IFA Hotels and Resorts - examined the opportunities for these new business models in the regional property and leisure development marketplace.
Carlos Vogeler - Vice President Industry Relations NorthCourse Leisure Real Estate Solutions, Ken May - Chairman & CEO Cendant Network Group, Awadh Al Ketbhi - Director of Conventions at Dubai's Department of Tourism and Commerce Marketing, Stephen Holmes - Vice Chairman of Cendant Corporation, Preben Vastdam - President & CEO Cendant Leisure Real Estate Solutions and Vivienne Noyes-Thomas - Managing Director RCI Middle East.
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Lara Lynn Golden, News EditorSaturday, April 29 - 2006 at 13:02 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 / 4C.
This article was updated on Sun May 27 2007.
Notes and Media Contacts »
Issued on behalf of RCI by:
Anne Howard
Momentum
Tel: + 971 4 390 1630
Fax: + 971 4 390 4516
About Cendant Hospitality Services Division
The Hospitality Services Division of Cendant Corporation (NYSE: CD) will become Wyndham Worldwide upon the completion of its anticipated spin-off during the third quarter of 2006. The company will provide its customers with a full range of products and services in three primary segments within the hospitality industry including hotel lodging, vacation rental and exchange, and timeshare resorts. The company will be one of the world's largest providers in each of these segments, encompassing more than 6,300 franchised or managed hotels with over 530,000 hotel rooms worldwide; serving more than three million members of the RCI exchange network with access to over 4,000 resorts worldwide; more than 55,000 vacation rental and exchange properties located in over 100 countries; and over 140 timeshare resorts serving more than 750,000 timeshare owners throughout North America, the Caribbean and the South Pacific. Cendant Hospitality Services Division is headquartered in Parsippany, N.J., and is supported by more than 25,000 employees around the world.
About RCI Global Vacation Network
RCI Global Vacation Network is the global leader in leisure accommodations with exclusive access for specified periods to nearly 55,000 vacation properties. Organizationally, RCI Global Vacation Network is comprised of RCI, a global leader in vacation exchange and travel membership products, and various leading vacation rental brands for the marketing of vacation rental accommodations, primarily in Europe. Collectively, the company represents developers, owners, managers and marketers of outstanding vacation properties, sending consumers on dream vacations to the world's great tourism destinations through brands that are global market leaders within their business segment. RCI Global Vacation Network is a subsidiary of Cendant Corporation (NYSE: CD), a provider of travel and residential real estate services.
Anne Howard
Momentum
Tel: + 971 4 390 1630
Fax: + 971 4 390 4516
About Cendant Hospitality Services Division
The Hospitality Services Division of Cendant Corporation (NYSE: CD) will become Wyndham Worldwide upon the completion of its anticipated spin-off during the third quarter of 2006. The company will provide its customers with a full range of products and services in three primary segments within the hospitality industry including hotel lodging, vacation rental and exchange, and timeshare resorts. The company will be one of the world's largest providers in each of these segments, encompassing more than 6,300 franchised or managed hotels with over 530,000 hotel rooms worldwide; serving more than three million members of the RCI exchange network with access to over 4,000 resorts worldwide; more than 55,000 vacation rental and exchange properties located in over 100 countries; and over 140 timeshare resorts serving more than 750,000 timeshare owners throughout North America, the Caribbean and the South Pacific. Cendant Hospitality Services Division is headquartered in Parsippany, N.J., and is supported by more than 25,000 employees around the world.
About RCI Global Vacation Network
RCI Global Vacation Network is the global leader in leisure accommodations with exclusive access for specified periods to nearly 55,000 vacation properties. Organizationally, RCI Global Vacation Network is comprised of RCI, a global leader in vacation exchange and travel membership products, and various leading vacation rental brands for the marketing of vacation rental accommodations, primarily in Europe. Collectively, the company represents developers, owners, managers and marketers of outstanding vacation properties, sending consumers on dream vacations to the world's great tourism destinations through brands that are global market leaders within their business segment. RCI Global Vacation Network is a subsidiary of Cendant Corporation (NYSE: CD), a provider of travel and residential real estate services.
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