Cheval Rides Out Dubai Demand Slump with Long-Stay Focus
UK-based luxury hospitality firm Cheval Collection aims to double its global portfolio from 16 projects, with the Middle East as a key growth driver. It operates serviced apartments and branded residences, with properties in Dubai and expansion into Saudi Arabia. Despite Dubai's demand slump, Cheval believes its mixed short/long-stay model reduces reliance on international arrivals, but analysts caution that serviced apartments still absorb shocks, and S&P expects occupancy recovery only after 2027.
Impact and considerations
Cheval's expansion highlights the growing importance of long-stay demand in the Middle East hotel market, and its branded residences model may set a trend, impacting business traveler accommodation choices.
Key points
- Cheval Collection plans to double its global portfolio, with the Middle East as a key growth driver.
- The company operates serviced apartments and branded residences, with multiple projects in Dubai.
- Cheval believes its mixed short/long-stay model reduces reliance on international arrivals.
- Analysts caution that serviced apartments still absorb demand shocks; S&P expects Dubai occupancy recovery after 2027.
Sources and time
- Primary source
- Skift
- Other sources
- 0
- First source publication
- 28 Aug 2026, 17:00
- Page published
- 28 Aug 2026, 18:00
- Last updated
- 28 Aug 2026, 17:00
- Original links
- Skift Feed：Cheval Is Riding Out Dubai’s Demand Slump On Long-Stay Guests (opens in a new tab)Primary source · en · Published 28 Aug 2026, 17:00