The event is co-hosted by RCI's parent company, Cendant Vacation Network Group, and specialist industry consultants, Ragatz Consulting, under the theme of New Horizons in shared ownership. The event aims to attract a high profile audience of business investors, real estate developers and specialists from the industry. On April 29, set for Dubai's Burj Al Arab Hotel 28.
Timeshare growth worldwide over the next 5 years is expected to be around, The shared leisure real estate market is booming globally and clearly possesses great potential for investors within the Middle East, Europe and Asia.
RCI's Middle East operation, now head quartered in Dubai, aims to use the symposium as a means of explaining how the shared ownership sector can play a pivotal role in making these developments a success.
This first-time research will seek to quantify perceptions and preferences towards the timeshare market, which already includes 30,000 owners within the Middle East. Presently the majority of these own timeshare in Egyptian resorts, but the main focus of the survey is skewed towards the potential market in the Gulf area. A central feature of the B2B programme is a presentation by Ragatz Associates covering a comprehensive consumer survey exploring the attitudes and habits of Gulf Arabs towards timeshare and other models of shared ownership, such as fractionals, private residence clubs and condo hotels.
The first day includes an in-depth educational workshop aimed at those who have little or no experience of the industry. This offers an introduction explaining why shared ownership concepts are so relevant to the local scenario.
"Will moderate new Fractional Ownership Products and The Benefit of Operating Mixed Use Developments. The presentation on Middle East research findings, which will be presented by Kevin Wallace, Managing Director, Ragatz Consulting, also forms a central part of the agenda, followed by a Q and A sessions and concluding with a summary of key factors for success." Said Richard Regatz, President of Ragatz Consulting.
Kevin Wallace, Managing Director Ragatz Consulting; John McDonald Managing Director, Club Galaxia/Grecotel Vacation Ownership; Rick English Managing Director CLRES Turnkey Solutions, Dubai; Motassan Hadjaj, Saudi Arabia, that are the composition of the panelists.
These are the people that will moderate the panel on Condo Hotels, Buy to Use and Let. Carlos Vogeler, VP Industry Relations, Cendant Leisure Real Estate Solutions speaks about international and Gulf specific tourism trends. There will be a panel on Next Generation Timeshare Products and Developments; Brett Archibald, Managing Director, Cendant Vaction Network Group, Hong Kong, will moderate this. David Bansmer, Managing Director, The Registry Collection and Vice President, Business Development RCI.
By: Dijon Wainwright