Mövenpick Hotels & Resorts
|Some or all of this article's listed sources may not be reliable. (February 2012)|
|Founded||London, England (1973)|
|Key people||Jean Gabriel Pérès, President & CEO|
|Revenue||CHF831.2 m (in 2007); US$795.9 m|
The chain currently operates more than 90 hotels in 26 countries; 34 hotels are under construction and are set for completion by 2010. Mövenpick also operates 5 luxury cruise ships on the Nile and Lake Nasser.
Mövenpick Hotels and Resorts began in 1973 with the opening of two hotels near Zurich Airport and in Regensdorf. The company was originally called The Mövenpick Hotel Group and was a part of The Mövenpick Group that was founded in 1948 by Ueli Prager. In 1976, the company opened its first hotel outside of Europe in Cairo, adjacent to the pyramids at Giza. In 1991, the first Mövenpick luxury cruiser, the H.S. Radamis, set off on the Nile between Aswan and Luxor. The company is an international upscale hotel management company with roots in Switzerland and over 90 properties existing or under construction in Europe, Africa, the Middle East and Asia.
Mövenpick Hotels and Resorts is an upscale hotel management company focusing on developing its portfolio of hotels, resorts, and residences (yet to be released). The company’s portfolio includes both leased hotels and hotels under management contracts throughout Europe, the Middle East, Africa and Asia. Movenpick Hotels & Resorts sales in 2007 were CHF831.2 million, a 19% rise compared to 2006. The company's earnings before interest and taxes increased by 53% to CHF13.3 million throughout the same period. Mövenpick Hotels and Resorts vision is: To be the preferred and most enjoyable, upscale hotel management company, for guests, employees, hotel owners and shareholders. The company is currently pursuing an aggressive expansion plan to fulfill its strategic objective for 100 hotels by 2010.
Mövenpick Hotels & Resorts is owned by:
- Mövenpick Holding (66.7%)
- Kingdom Holding Company (33.3%)
Projects under construction or in the development phase:
- Total: 73
- Europe: 1
- Africa: 15
- Middle East: 41
- Asia: 2
Mövenpick Hotels & Resorts are located in the following countries: Bahrain, Czech Republic, Egypt, Palestinian Authority, Germany,India, Jordan, Kuwait, Lebanon, Mauritius, Morocco, Netherlands, Pakistan Starting 1st Jan, 2014, Philippines, Qatar, Saudi Arabia, Switzerland, Thailand, Tunisia, Turkey, United Arab Emirates, Vietnam and Yemen.
The Mövenpick Hotels & Resorts portfolio continues to prosper in Jordan with the addition of a 5-star resort in Tala Bay-Aqaba. Owned by Zara South Coast Development Company (a subsidiary of Zara Investment Holding), Mövenpick Resort Tala Bay Aqaba will be the fifth hotel in Jordan to be operated by the Mövenpick Hotels & Resorts group. The new resort is located on the southern shores of Aqaba, turning the Mövenpick Hotels & Resorts into the only group to be serving both of the city's buzzing north and south beaches. In 2010, a hotel was opened in Ramallah, West Bank.
The following hotels are a members of the Great Hotels Of The World alliance. They were featured in the top 150 hotels in the 2011 Great Hotels Of The World Pure Hotels Collection.
- Movenpick Hotel & Resort Beirut
- Movenpick Hotel Doha
- Movenpick Hotel Istanbul
- Movenpick Resort & Spa Dead Sea
- Movenpick Resort & Spa Tala Bay
- Movenpick Hotel Petra
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- Mövenpick Hotels website
- Hospitality Net article
- World Travel Market website
- Great Hotels of the World
- Mövenpick Cairo-Media City in cosmopolis.ch
- Mövenpick Resort Aswan history in cosmopolis.ch