Cheval Collection Bets on Dubai's Domestic Demand to Weather Downturn
UK-based Cheval Collection aims to double its global portfolio, with the Middle East as a key growth area. The company currently operates serviced apartments in Dubai and is expanding into branded residences, targeting medium- and long-stay guests. Despite a demand slump, Cheval expects domestic travel to support recovery, though S&P forecasts a rebound only by 2027.
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Original headline: “Cheval Is Riding Out Dubai’s Demand Slump On Long-Stay Guests.” Browse more stories.