Following the success of 2016, the exclusive event, GIOHIS 2017 (Gulf & Indian Ocean Hotel Investors’ Summit), hosted by HOFTEL, was a two-day conference held at the Viceroy Yas Island, Abu Dhabi on 6th and 7th February. The event was owner-driven, focusing on hotel real estate investors, developers and franchisees. It featured high-level influential speakers who discussed and share their viewpoints on various investment opportunities. TFG Asset Management’s Head of Department, Mariano Faz, was invited as keynote panelist, where he gathered with other executives to discuss and evaluate the new threat to owners – the rise of mega-travel company. The question focused on “Medium-sized brands which provides a competitive alternative for owners in the age of mega-brands”. The main takeaway from Mariano Faz is that in this era which features a plethora of brands, the owners will primarily analyse the operator, flexibility of the terms and then evaluate the compatibility of the brand standards, designs to the property, providing equal opportunities for both medium-sized brands and mega-brands.
The topics and panels covered during the conference were received with enthusiasm as industry professionals continued to mingle, network and discuss key investment opportunities spanning from the East to West. The event was eye-opening, engaging and finished on a positive note. TFG Asset Management looks forward to participating, listening and showcasing more revolutionary ideas with influential hospitality hoteliers in the GIOHIS 2018.
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