RCI, the global leader in vacation exchange and one of the Wyndham Worldwide family of brands will partner with Middle East Economic Digest (MEED) and Bench Events, organisers of the Arabian Hotel Investment Conference (AHIC), to host industry leaders at the 2010 Middle East Shared Ownership Summit.
Shared ownership refers to a set of leisure oriented real estate and hospitality products including timeshare, fractional, private residence club and destination clubs. Timeshare, or vacation ownership as it is often called, is very well established in Mena markets such as Egypt with industry observers more recently noting the tremendous potential for both vacation ownership and fractional development in Dubai and other key Arabian Gulf leisure destinations.
Attendees will hear firsthand from the leaders of some of the most successful regional and global vacation ownership companies, whose experience will help highlight opportunities for growth in Mena. Similarly, leaders from companies who helped pioneer the luxury branded residential and private residence club concepts will serve as trend spotters as they consider how luxury brands will unlock value from real estate products in the future.
The summit will offer significant value to timeshare and fractional developers as they share best practices, receive industry updates and explore new opportunities.
“The Shared Ownership summit offers hospitality companies and mixed-use developers an efficient forum in which to better understand the immediate benefits and long-term value that vacation ownership can infuse in their overall business strategy,” said Jeff Tisdall, managing director, RCI Mena. “We are encouraged by the continued strong interest international vacation ownership companies are expressing in the Dubai market.
“The summit offers international companies a venue to explore opportunities to enter the regional market via partnership or through outright asset acquisition.”
Summit attendees will not only receive a copy of the 2010 Shared Ownership Study including important global and regional industry updates, but also experience three essential panel discussions.
RCI is part of Wyndham Exchange and Rentals, the worldwide leader in vacation exchange and the European leader in vacation rentals, with exclusive access for specified periods to more than 65,000 vacation properties in approximately 100 countries.
Bench Events has a long track record of hosting the premier hotel investment events in the world. The company’s chairman, Jonathan Worsley, is one of the organisers and founders of the highly successful International Hotel Investment Forum now in its 13th year.
In 2005, he was responsible for launching the Arabian Hotel Investment Conference in Dubai and in 2008 launched the Russia & CIS Hotel Investment Conference which was a sell out success.
Bench Events’ sister company, JW Bench, is a benchmarking company that has successfully launched the Conference Bench and the Productivity Bench. The Conference Bench, measures performance data for conference and banqueting space.
Over the past 12 years, MEED Conferences has organised events attended by senior government officials and thousands of international business people. The conference series is aimed at companies actively seeking business in the markets of the Middle East.