Mövenpick grew portfolio by 15 percent in 2015

Switzerland's Mövenpick Hotels & Resorts saw several new properties signed across the Middle East and Africa, Asia Pacific and Europe last year. In total, the company expanding its portfolio by 15 percent.

Over the course of the year, the firm, which currently operates 83 hotels worldwide, opened four new hotels in strategic locations across the Middle and South East Asia; one in Saudi Arabia, one in Turkey and two in Thailand. Mövenpick opened its first property in Riyadh and its 10th in Saudi Arabia overall; debuted in two new locations in Thailand (Bangkok and Pattaya), boosting its presence in the country to five properties; and launched its fourth hotel in Turkey.


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“2015 was a very successful year for us with the 12 new hotels signed, consolidating our position in several strategic locations that we have earmarked for expansion,” Jean Gabriel Pérès, CEO of Mövenpick Hotels & Resorts, told Trade Arabia, noting that the company's portfolio is set to increase by almost 50 percent until 2020, and has an "ultimate goal of 130 properties (open and signed) by 2020.”

MHR also signed deals for three properties in Africa, adding 1,030 rooms to its portfolio and the overall Africa collection to 26 properties. Hotels in Nairobi and Marrakech are planned to open already in 2016.

With another 26 properties under negotiation, the brand is poised to open 7,272 rooms in the coming years.