Roya International and Deloitte signed an agreement today to provide ‘Hotel Management Oversight’ (HMO) services to hotels in the Middle East.
Targeted at investors, hotel owners and operators, and government entities, the HMO service will provide a channel between owners and operators to support the achievement of targets and improve shareholders value.
Roya International chief executive officer Ahmed Ramdan said: “By joining forces, the Roya and Deloitte teams will have the ability to offer unparalleled HMO services.
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“As with all of our asset-management clients, our goal will be to work closely with hotel owners and hotel operators to ensure the property’s financial performance, as well as sales and marketing efforts, service quality, maintenance, and capital expenditure, are all aligned with the hotels’ owners strategic objectives and the hotels’ operators management agreement,” he explained.
Ramdan signed the agreement with Firas Eid, Deloitte Middle East consulting partner.
Eid said: “The Roya and Deloitte collaboration is all about developing tailored, personalised consultation along with building trust-based relationships, creating innovative solutions and ensuring that all this array of services is delivered by people with the skills and passion to help”.
Hotels in the Middle East achieved the highest occupancy, average room rates and revPAR globally in 2009, confirmed Eid.
Data prepared by STR Global, shows occupancy reached 61.3% for the year, while average room rates and revenue per available room (revPAR), stood at US$202 and US$124 respectively.
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