Jumeirah Group eyes doubling portfolio by 2030

Sustainable growth planned for destinations including Europe, Asia and the US

Jumeirah Group has revealed ambitious plans to double the size of its portfolio by 2030. The Dubai-based hotelier has more than 25 hotels and resorts in its collection globally (plus residences), the majority of which are in its home state and the Middle East. Other locations include London, Maldives, Capri, Mallorca and China.

Growth plans include upweighting its presence in Europe, leveraging its growing collection in Europe, which now includes Geneva, Switzerland, through the acquisition of luxury properties in other major cities, as well as exploring opportunities in the United States.

The Group will also look to capitalise on the strong growth potential of the Asia Pacific market to extend its current reach beyond its properties in China, Bali and the Maldives.

Jumeirah Bahrain, Main Entry

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The vision to expand is part of Jumeirah’s Mission 2030 strategy which will also see an evolution of the brand with a renewed focus on delivering distinct guest experiences and new ancillary businesses to complement its ultra-luxury positioning. Launching in 2024, this will include the integration of wellness into the entire guest journey based on the principles of lifelong learning, longevity and inclusivity, as well as a re-imagined family experience with a focus on education, self-discovery, environmental stewardship, cultural immersion and the arts.

“The luxury landscape continues to evolve in response to consumer demand, particularly from younger millennial and Gen Z audiences, and as a brand we need to continually innovate to stay relevant,” said Katerina Giannouka, CEO of Jumeirah Group.

“Mission 2030 is a strategic plan that is designed to evolve the Jumeirah brand from a regional success story to a global leader in ultra-luxury hospitality.

“It focuses on four key areas – international expansion, brand and product development, operational excellence and ancillary business – with an overall aim to sustainably double the size of our portfolio by 2030 and enhance our brand experience to meet the diverse and evolving needs of our guests.”

Jumeirah Gulf of Bahrain Resort & Spa, Talise Spa, indoor pool

Sustainability is integral to every aspect of Mission 2030 under the Group’s three pillars: Planet, People and Governance. With a focus on decarbonisation of operations, eco-conscious building design, strong governance on supply chain, diversity and inclusion, Jumeirah is especially committed to preserving biodiversity given the location of its hotels in fragile ecosystems.

The update comes after a busy year for Jumeirah Group with the acquisition of Le Richemond in Geneva in March, the completion of residences at the highly anticipated Jumeirah Marsa Al Arab in Dubai, the opening of Jumeirah Makkah – the Group’s first property in Saudi Arabia – and renovations at Jumeirah Dar Al Masyaf, Jumeirah Mina A’Salam, and Malakiya Villas, in Dubai.

Next year, Jumeirah Group plans to continue its growth trajectory alongside the planned opening of both Jumeirah Marsa Al Arab in Dubai and Jumeirah The Red Sea in Saudi Arabia, as well as Le Richemond in Geneva which is currently closed for a complete renovation.

Lead image: Jumeirah Marsa Al Arab render

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