Shared Ownership Summit Kicks Off Arabian Hotel Investment Conference
May 4, 2010 by Perspective Magazine | Timeshare & Fractional ReviewsBench Events announces that the Shared Ownership Summit uncovered significant opportunities to unlock growth in the Middle East and North Africa.
Leading hospitality companies and real estate developers from across MENA and around the globe gathered in Dubai for the Shared Ownership Summit on Saturday to discuss the significant potential for leisure real estate development in the Middle East and North Africa. The Shared Ownership Summit was held in association with the Arabian Hotel Investment Conference. The Summit was made possible through the collaboration of Bench Events, MEED and RCI who co-hosted the event.
Shared Ownership refers to a category of leisure real estate and hospitality products which includes vacation ownership, fractional, private residence clubs and a category of second homes which enables purchasers to earn rental income when not making personal use of their residence. Leaders from each of these sectors discussed strategic issues and considered alternative approaches through which new entrants can establish sales and marketing capabilities. Representatives from Fairmont Raffles Hotels International, Four Seasons Hotels and Resorts, LuxuryBranding and The Registry Collection® explored key success factors in the luxury segment.
The session began with an industry update, which was provided by Jeff Tisdall, managing director for RCI MENA. Claude Attala, managing director of Wyndham Exchange & Rental’s consulting arm NorthCourse, then presented his firm’s latest shared ownership consumer research findings for the Middle East and North Africa. Highlights of the research findings included:
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