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Cheval Rides Out Dubai Demand Slump with Long-Stay Focus

1reports1reporting sources2026-08-28Update

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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.

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8月28日
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    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.