Mövenpick Hotels & Resorts

Mövenpick Hotels and Resorts
Private
Industry Hospitality, tourism
Founded London, England (1973)
Founder Ueli Prager
Headquarters Zurich, Switzerland
Area served
 Worldwide
Key people
 Jean Gabriel Pérès, President & CEO
Products Hotel rooms
Revenue CHF3.54 billion (in 2014)
Number of employees
 16,000
Website http://www.moevenpick-hotels.com

Mövenpick Hotels & Resorts (German pronunciation: [ˈmœːvənˌpɪk]; English /ˈmuːvənˌpɪk/) is an upscale international Swiss hotel chain. The hotels are primarily 5-star hotels, resorts and business/airport hotels. The hotel company is owned by the Mövenpick Holding (66.7%) and the Kingdom Group (33.3%). The chain currently operates more than 110 hotels in 26 countries. Mövenpick also operates 5 luxury cruise ships on the Nile and Lake Nasser.[1]

The hotel chain serves 5.8 million people annually. The World Travel Market[2] in London named Mövenpick Hotels and Resorts as the "fastest growing hotel chain in the Middle East" in 2003.[3]

History

Mövenpick Hotels and Resorts began in 1973 with the opening of two hotels near Zurich Airport, in Opfikon and in Regensdorf. The company was originally called The Mövenpick Hotel Group and was a part of The Mövenpick Group[4] that was founded in 1948 by Ueli Prager. In 1976, the company opened its first hotel outside of Europe in Cairo, adjacent to the pyramids at Giza. In 1991, the first Mövenpick luxury cruiser, the H.S. Radamis, set off on the Nile between Aswan and Luxor. The company is an international upscale hotel management company with roots in Switzerland and over 110 properties existing or under construction in Europe, Africa, the Middle East and Asia.[5]

Business

Mövenpick hotel in Voorburg, near The Hague, The Netherlands.

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 were CHF831.2 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.[6]

References

  1. ↑ "Mövenpick Hotels & Resorts - Key Figures". Moevenpick-hotels.com. Retrieved 2011-11-30.
  2. ↑ "wtmlondon.com". wtmlondon.com. Retrieved 2011-11-30.
  3. ↑ Hospitality Net. "Mövenpick Hotels & Resorts awarded 'Fastest Growing Hotel Chain in the Middle East'". Hospitalitynet.org. Retrieved 2011-11-30.
  4. ↑ "Mövenpick Group | Mövenpick". Moevenpick-group.com. Retrieved 2011-11-30.
  5. ↑ "Mövenpick Hotels & Resorts - Development Strategy". Moevenpick-hotels.com. Retrieved 2011-11-30.
  6. ↑ "EBSCOhost - world’s foremost premium research database service". Search.ebscohost.com. Retrieved 2011-11-30.