Tag Archives: GIOHIS

Gulf and Indian Ocean Hotel Investors’ Summit 2021 (GIOHIS) will be held on 15-16 November in Ras Al Khaimah. The event aims to bring around 300 of the top hotel owners, developers and operators from the Gulf, East Africa, the Indian Ocean islands, ASEAN, and Australia together to discuss topical issues affecting the industry, ideally in person, but if necessary, also via remote links. Being run by hotel owners’ alliance HOFTEL, rather than a commercial media or conferencing company, means that GIOHIS can be upfront about addressing the sector’s key issues in a transparent and compact forum full of decision-makers. The hotel investment community has had a torrid time during the pandemic, with some hotel owners “clinging on in order to ride out the storm”, according to Simon Allison, CEO of hotel owners’ alliance, HOFTEL, and organiser of GIOHIS. He believes, however, that the bottom of the market is close to being reached, and this will provide the stimulus for fresh investment from those looking to take advantage of a post-Covid tourism boom. “There are a number of factors coming together at the same time which bode well for the recovery of the Gulf’s hospitality sector,” says Allison. “They offer an interesting, but complex environment for members of the hotel investment community to consider their strategies, with the potential for strong returns.” Allison adds, “The consequences of Covid-19 have been terrible for the hospitality sector, and above all, we cannot lose sight of the fatalities among hospitality sector workers, the enormous job losses and the number of hotel owners left teetering on the brink of financial ruin”. “We can now see light at the end of the tunnel, and I …

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