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Hotel, Tourism and Leisure

According to World Tourism Organization, the Middle East region is the fastest growing tourist region in the past decade (for figures collated till mid 2008). International tourist arrivals in the Middle East region grew by an average of 9.3% per annum during 2000-07, compared to 7.1% in Asia and Pacific, 6.5% in Africa and 2.7% in Europe. Dubai is positioned as a pioneering world class luxury destination which caters to all markets. Whether you are looking for an activity packed family holiday or a luxurious spa break for two, Dubai really will exceed all your expectations.

One of the most popular tourist destinations in the Middle East is the United Arab Emirates (UAE). Formally established on December 2nd, 1971, with the federation of the seven Emirates namely Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Quwain, Fujairah and Ras al-Khaimah, this region is located on the Eastern coast of the Arabic Peninsula, in the South West corner of the Arabian Gulf, bordering Saudi Arabia and Oman.

UAE boasts of abundant, extravagant tourist destinations that you can definitely consider for a vacation. Whether it be traveling all around the country, enjoying the luxuries of the resorts and hotels or indulging in a rich assortment of Arabian, as well as International Cuisine, this world-renowned tourist attraction has it all.

One of the emirate’s most exciting new developments is Atlantis, The Palm. It boasts of a 50-acre waterscape with a marine park featuring more than 65,000 sea creatures. Regarded as the flagship resort on The Palm, Jumeirah due to its scale, awe-inspiring design and wealth of entertainment opportunities, this region will significantly boost Dubai’s premium family product.

Dubai is positioned as the world’s leading global luxury destination. With the continuous flocking of international tourists to this country, the emirate’s market is clearly booming. The newest offering in Dubai is the impressive 63-storied, five-star hotel, The Address Downtown Dubai. The luxurious hotel, offering unparalleled facilities and extravagant services, has the Burj Khalifa, the tallest skyscraper in the world. This crowning glory of Dubai is an exemplary masterpiece and the centre of attraction in Downtown Dubai. It is the world’s largest shopping destination and encompasses a world of amusements.

UAE, a must-visit tourist destination, is continuing to grow the volume and stature of its hotel developments defying the current economic downturn.

Horwath MAK brings to the Middle East and the United Arab Emirates its expertise acquired over 30 years of helping tourism, hotel and leisure industries in the UAE. Through involvement in several projects over many years, we have amassed extensive, in-depth knowledge and understanding of the needs of hotel & real estate companies and financial institutions. We provide assistance to investors, developers and hotel and leisure operating companies in the area of improvement and consolidation through a combination of international experience and expert technical knowledge. Our main objective is to provide complete assistance in facing the new and challenging requirements of competition when developing Hotel, Tourism and Leisure (HTL) businesses and in the consolidation of the existing ones.

How we can help: 

Services we offer in this industry are world class due to our strong association and partnership with world renowned Horwath HTL. Our services to the Hotel, Resort Owners, Operators, Developers and Investors include:

Planning and Development 

  • Appraisal reports.
  • Destination and large scale project planning.
  • Selection of hotel management company and contract negotiation.
  • Market entry strategy.
  • Market and financial feasibility studies.
  • Project capitalization and financial structuring.
  • Strategic management and planning.
  • Facilities programming.
  • Macro tourism analysis.
  • Product conceptualization.
  • Residual land valuation.
  • Strategic planning.

Asset Management and Operational Advisory 

  • Operational and accountability reviews.
  • Asset management advisory.
  • Benchmarking.
  • Best practice analysis.
  • Litigation support.
  • Loan underwriting.
  • Operational reviews.
  • Capital expenditure- Cost/Benefit analysis.
  • Reposition strategy and analysis.
  • Owner representation property tax appeals.

Transaction and Financial Restructuring 

  • Asset valuation.
  • Corporate merger and acquisition advisory.
  • Due diligence.
  • Insolvency/Receivership.
  • Investment and divestment strategy.
  • Loan work-out.
  • Pre-lending review.
  • Strategic management and planning.