Commenting on the launch, Filippo Sona, Director, Head of Hotels at Colliers International said:
“Capital markets are continually looking to understand the powerful factors shaping the MENA hospitality market. The asset price index will provide industry professionals with the benchmarks to undertake informed investment decisions for both existing and new hotel developments. The foundation of this index is very solid and based on five years of asset managing hotels across the region and carrying out numerous valuations”.
The report is based on the latest up to date market data, along with trading information from individual hotels participating in the respective markets. It also includes “Yield Analysis” which illustrates the average net initial yields which have been produced from our price estimation exercise, also available in the report.
The paper also highlights key components for a successful market research, for budget purposes, which are:
- Authenticity of the data collected
- - Time-period of historical data used for reference
- - Dependency factors in the micro-economy
- - Trend Analysis to identify market shifts