Mövenpick Hotels & Resorts

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Mövenpick Hotels and Resorts
Private
Industry Hospitality, Tourism
Founded Zurich, Switzerland (1973)
Founder Ueli Prager
Headquarters Baar, Switzerland
Number of locations
83 hotels
Area served
Europe, Africa, Middle East and Asia
Key people
Olivier Chavy, CEO
Products Business/Leisure Hotels, Resorts
Revenue CHF978.800 Million (2015)
Number of employees
>16,000
Website http://www.movenpick.com
Mövenpick Ambassador Hotel Accra, Ghana

Mövenpick Hotels & Resorts (German pronunciation: [ˈmœːvənˌpɪk]; English: /ˈmvənˌpɪk/) is a hotel management company headquartered in Baar, Switzerland. It is owned by Mövenpick Holding (66.7%) and the Saudi based Kingdom Group (33.3%). It operates over 80 properties, including hotels, resorts and Nile cruisers, with another 30 resorts planned or under construction across the Middle East and Asia.[1]

The hotel chain serves 5.8 million people per year, and in 2003 was named the “fastest growing hotel chain in the Middle East” by The World Travel Market.[2]

Olivier Chavy took up the position of CEO in September 2016.[3]

Mövenpick Group[edit]

Mövenpick Hotels & Resorts traces its roots back to the privately owned Mövenpick Group, which was founded by the late Ueli Prager in 1948 when he opened his first restaurant in Zurich. The name was apparently inspired by the feeding action of a gull (in German, a Möwe) and how its simple movements reflected the restaurant’s theme of food served as quickly as possible.[4]

Mövenpick Hotels & Resorts[edit]

The official launch of Mövenpick Hotels & Resorts was marked by the opening of two hotels at Zurich-Airport and Zurich-Regensdorf. Expansion beyond Europe started in 1976 with the opening in Cairo of the Mövenpick Hotel Jolie Ville. Mövenpick Hotels & Resorts were among the first companies to operate hotels under management contracts, which helped allow rapid growth. Expansion continued through the 1980s into Egypt, with the chain’s first cruise ship (HS Radamis) beginning operations in 1991.[5]

New expansions into Africa and the Middle East saw “pilgrim hotels” opened in Madinah in Saudi Arabia, and a period of hotel renovation and portfolio consolidation began. Rapid expansion continued through the early 2000s.[6]

A strategic partnership with Green Globe was announced in 2010, beginning a drive towards sustainability with a specific focus on the travel and tourism industry across all Mövenpick Hotels & Resorts properties.[7]

Certification and awards accompany further expansion into India, the Philippines, Singapore,[8] and Ghana (2011[9]). New hotels opened in China in 2013, and Pakistan in 2014, and Bangladesh in 2015.[10]

As of 2015, Mövenpick Hotels & Resorts has 56 properties that are Green Globe certified: the highest number of certifications currently attained by any one hotel company.[11]

In January 2014, Mövenpick took over the Sheraton Karachi for a fifteen-year period.[12] On October 8, 2015, Mövenpick announced its second property in Pakistan, after a contract to take over The Centaurus Hotel by early 2018.[13]

Failed expansion[edit]

Toronto-based company Richtree Inc. attempted to introduce Mövenpick to the American market, but lost $14.9 million in the 1999-2000 financial year. Of this amount, they paid $9.9 million in broken lease fees and restructuring costs. The fees were in relation to changed plans for establishing restaurants in New York and San Diego. Richtree sued Mövenpick Holding AG.[14]

References[edit]

  1. ^ "Olivier Chavy wird neuer CEO bei Mövenpick" [Olivier Chavy becomes new CEO at Mövenpick]. Allgemeine Hotel- und Gastronomie-Zeitung (in German). 4 August 2016. Retrieved 3 October 2016.
  2. ^ "Mövenpick Hotels & Resorts awarded 'Fastest Growing Hotel Chain in the Middle East'". Hospitality Net. 19 November 2003. Retrieved 3 October 2016.
  3. ^ "Mövenpick Hotels & Resorts Names Olivier Chavy CEO". Hotel Business. 4 August 2016. Archived from the original on 2016-10-05. Retrieved 3 October 2016.
  4. ^ "Who's who listing".
  5. ^ "Archived copy". Archived from the original on 2016-05-05. Retrieved 2016-10-04.
  6. ^ "Archived copy". Archived from the original on 2016-10-05. Retrieved 2016-10-04.
  7. ^ "Mövenpick Hotels and Resorts signs Green Globe Certification partnership - Green Globe". greenglobe.com.
  8. ^ Editor, eTN Managing (26 July 2012). "Ritz-Carlton ranked highest in luxury brand segment - eTurboNews (eTN)".
  9. ^ Giado, Imthishan. "Moevenpick opens first hotel in Ghana - HotelierMiddleEast.com".
  10. ^ "Mövenpick Hotels & Resorts signs agreements to manage hotels in Bangladesh". 28 May 2012.
  11. ^ "Mövenpick Hotels & Resorts named a 'global leader' in sustainable practices by Green Globe". greenglobe.com.
  12. ^ "FDI: Movenpick to invest $30m in Pakistan - The Express Tribune". The Express Tribune. 2014-02-07. Retrieved 2017-03-03.
  13. ^ "Federal capital to have Movenpick Hotel". www.thenews.com.pk. Retrieved 2017-03-03.
  14. ^ Laidlaw, Stuart (15 December 2000). "Movenpick franchisee planning second assault on U.S. market". Toronto Star. p. BU01.