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My name is kebab dandelion I'm the chief. Operating officer of millennium Middle East and Africa good. Afternoon I appreciate you taking a moment speak to breaking travel news today we're here at the Arabian hotel investment conference in Basel Kaymer in the Middle East how would you describe the mood among investors this year well actually the startup of the sea was was a good. Starter from the perspective of the moon that's specifically what we're looking for we can see a lot of appetite for investment. That is carrying forward from last year a bit cautious but definitely the the is a very positive atmosphere and perspective towards the future in terms of development you have 14 properties opening here in the region this year which markets are particularly excited about well actually those 14 properties are specifically opening in two different markets one is the UAE. And namely device or six properties are opening in Dubai the second destination for us is Saudi where we have eight properties potentially this morning we came across some new so potentially they are nine now and we looking forward to have all those properties opening why Dubai and Saudi specifically where these have been a lot. Of properties in the pipeline so now our pipeline is materializing we've been promising over the past few years that the number of properties of millennium growing year over year so this year 14 next year were expecting. 16 more and we still have 32 in the pipeline so those property is now matured and are ready to open some of those took a little bit longer time due to the economic situation in the environment so some slowdown in the past few years but now they are older and we're going to have. A challenging year and we're looking forward to it certainly a lot of confidence in those two markets them all the global hotel companies are represented here I here what is it the Millennium can offer that none of those guys can when we are talking about offering investors specifically if they start a question towers investors while we do offer. Whatever the other operators offer from the basic operator deliverables we offer one more thing which is a. Little bit unique to millennium I believe we are a company which is very much. Set with an honor centric mind and the. Purpose or the reason for that is that we are owners of hotels ourselves so basically millennium being a very serious heavy asset investor in hotels makes the operator perspective a bit different than our colleagues so we we're very cautious with how we spend the owners money we are bottom-line driven we understand very much the first of each month when. We have to make our payments to the banks we are very aware that all owners have to make those payments too so we are really an operator that works in tandem hand-in-hand. With our to make sure that the expectations are delivered and vital I said for any hotel come near the present and the loyalty program you just revamped yours to make it easier for your guests well yes definitely my millennium has been there. For a few years now and we just launched the new version of my millennium and this time I think what what we brought to the market which displayed a lot of excitement actually towered a millennium since we launched it there in the region we launched it. A month back is the the easy approach to it is the level of rewards it brings to the to our loyal clients to appreciate. Them and appreciate their business the flexibility in. What they can enjoy as benefits of being members not being limited to a hotel stay or to an upgrade to a second tier room or or a basic food and beverage benefit but now they can even enjoy obtaining some things and. Items that they would like to have so basically it is very flexible it also rewards them for every single dollar they spend in the previous. Program we like many other operators were limiting it to the spend in the rooms and room rates but now every single. Penny they our client spends in the hotel is rewarded for so so they feel appreciated our even corporate clients who have been enjoying their individual benefits through they travel link with with millions thing with millennium are also displaying a lot of appreciation of this change. So we're. Interesting points and I really appreciate your time today thank. You very much thank you.

 


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