Ramadan Kareem

"Wishing you all the blessings of the holy month"


New Location

With great anticipation and excitement, we announce the expansion of our offices in the region.

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Effective April 4 2022, Ahmed Yousry joined our team as Associate Director and will be based in Cairo, overseeing and expanding HVS MEA business in North Africa in particular.

Ahmed Yousry has extensive experience in hotel advisory and capital markets. Ahmed has worked on numerous feasibility studies, market assessments and asset valuation over the last 10 years and has extensive experience in the hospitality world, notably in the ME and North Africa. Ahmed can be reached at

Operator Search, Selection and Hotel Management Agreement Negotiation

Since its inception, HVS Dubai successfully negotiated and assisted in signing more than 100+ hotel management agreements with international and regional operators across various markets in Middle East and Africa. Our experience in operator search, selection and contract negotiation allows us to recommend the optimal branding strategy and negotiate the most competitive commercial terms with hotel operators in order to maximize hotel values. We rely on our extensive database of signed management agreements and have an excellent understanding of changes in the key commercial clauses. Please visit the HVS library for our publications on the topics of Management Agreements, Evolution of Hotel Contracts and Franchise Agreements.  

We celebrate our latest signings in the Kingdom of Saudi Arabia:

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African Safaris

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African Safaris - Opportunities to Invest in the Wildlife Economy

Before the pandemic travel and tourism contributed to about 8.5% of GDP in Africa, generating millions of jobs in the local economies. Africa's share of global tourism arrivals remains as low as 5% pointing to the immense potential on the continent given its biodiversity.

To read more about the wildlife economy in Africa or to discuss further, you can reach Rishabh Thapar on

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HVS In The News

The Region in Numbers

The Middle East consists of a diverse range of hotel markets that are stimulated by varied segments of the demand and investment sphere. Hala Matar Choufany, president of HVS Middle East, Africa and South Asia, gives us an in-depth look at where the region’s hotel industry stands and what’s likely to unfold in 2022.

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Where hospitality is heading

While 2021 has been a turbulent year for tourism, the signs are promising for 2022. Hala Matar Choufany shares her industry forecasts and the trends we should be keeping an eye on in 2022.

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Powering Southern Africa’s Recovery

Fancy fishing holidays and game fishing opportunities? Angola in Africa offers an exhilarating and varied fishing experience amongst other adventures and should be on your list.


Hala Matar Choufany attended the “Powering Southern Africa’s recovery”, an event organized by Bloomberg and moderated by David Malingha, East Africa Bureau Chief Bloomberg at the Angola pavilion, Expo 2020 Dubai. A private and insightful, off the record discussion, on tourism opportunities and recovery in Southern Africa in the presence of HE Albino Malungo, Ambassador of Angola in the UAE and António Henriques da Silva, Executive Chairman Of The Board Of Directors at AIPEX.

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Inside HVS

Congratulations are in Order

Join us in congratulating Annie Bastin Fernandez on her promotion from Associate to Senior Associate Consulting & Valuations.


Join us in congratulating Ruchi Agarwal on her promotion from Specialist to Manager Executive Search.

In Case You Missed


A Unique Year-Round Mountain Destination in Neom.

TROJENA will be an iconic, world-class destination, blending natural and developed landscapes – and offering unique human-centric experiences for residents and visitors alike. The destination will house six distinctive development districts centered around tailored experiences that blend real with virtual architectural and engineering innovations. All to create a destination like no other on earth.

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Where the Future Lives.

The Museum of the Future builds on the visionary culture that has transformed the UAE into one of the world’s most advanced nations in less than 50 years. It is a showcase for the spirit of courage, optimism and innovation that propels Dubai forward.

Like Dubai, the Museum is a place of tolerance, inviting varied cultural, philosophical, social and spiritual outlooks. The imagined future is rooted in the values of the UAE and the Arab world.

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Congratulations to the UAE government and leadership for organizing this remarkable and successful event. As expected, Expo 2020 has achieved its target of attracting just under 25 million visitors. As predicted by HVS, marketwide occupancy averaged around 80% during the six month period while marketwide average rate increased by 30% during the same period. The world will continue to watch the ongoing achievements in the UAE.

Did You Know?

HVS is the only global consulting firm focused exclusively on the hospitality industry. We provide comprehensive expertise through every phase of ownership

across a wide range of hospitality assets.

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See our Hotel Valuation Index for dozens of cities at

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