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Investing in Halal is way forward according to Laurent A. Voivenel, CEO of HMH

admin by admin
October 22, 2015
in News
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As a travel segment, Halal Tourism equals roughly 10% of the entire travel economy and last year was calculated to be worth $145 billion representing over 108 million Muslim travellers. The segment is forecast to Capturecontinue to grow to an amazing 150 million visitors by 2020 and will be worth over $200 billion globally.

At the The World Halal Travel Summit & Exhibition (WHTS15) Laurent A. Voivenel, CEO of HMH, stated, “Halal tourism market holds enormous potential for hotel investors and developers. Given the business opportunity and demand Halal-friendly hotels will continue to claim bigger market share globally. By 2030, Muslims will make up more than a quarter of the global population rising from 1.6 billion in 2010 to 2.2 billion and 30 per cent of this population will seek Halal options.

According to Laurent dry hotels are equally popular with Western or non-Muslim travellers. He said, “On average over 60 per cent of our clientele are non-Muslims. Our typical customers are savvy travellers (both leisure and corporate) looking for value for money – basically, smart accommodation at the right price. Equally essential for them is a safe environment.

Laurent stressed, “A dry hotel can yield the same GOP as the one with alcohol provided the facilities are defined right.  After food and beverage, the largest money maker in a hotel is banqueting. So whenever HMH is involved in planning and development of hotel, we advise owners to allocate maximum space to meeting and banquet facilities instead of too many food and beverage outlets as that could generate superb revenue”.

Tags: HMHHotel News ME

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