Mövenpick Hotels & Resorts is an upscale international Swiss hotel chain. The hotels are primarily 5-star resort hotels and business/airport hotels.
The chain currently operates more than 90 hotels in 26 countries; 34 hotels are under construction and are set for completion by 2010. Mövenpick also operates 5 luxury cruise ships on the Nile and Lake Nasser.
The hotel chain serves 5.8 million people annually. The World Travel Market in London named Mövenpick Hotels and Resorts as the "fastest growing hotel chain in the Middle East" in 2003.
Mövenpick Hotels and Resorts is an upscale hotel management company focusing on developing its portfolio of hotels, resorts, and residences (yet to be released). The company’s portfolio includes both leased hotels and hotels under management contracts throughout Europe, the Middle East, Africa and Asia. Movenpick Hotels & Resorts sales in 2007 wereCHF831.2 million, a 19% rise compared to 2006. The company's earnings before interest and taxes increased by 53% to CHF13.3 million throughout the same period.
Mövenpick Hotels & Resorts are located in the following countries: Bahrain, Czech Republic, Egypt, Germany, Jordan, Kuwait, Lebanon, Mauritius, Morocco, Netherlands, Philippines, Qatar, Saudi Arabia, Switzerland, Tanzania, Thailand, Tunisia, Turkey, United Arab Emirates, Vietnam, and Yemen. With the hotels under construction, the hotel portfolio will include the following locations: Abu Dhabi, Dubai, Ghana, India, Oman, Singapore,and Syria.
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