Jumeirah Group CEO Katerina Giannouka steps down only 15 months into the role - she had arrived from Radisson.

All development deals announced during her tenure including acquisitions in Paris and Geneva had previously been negotiated under the helm of previous CEO Jose Silva.

Despite some renovations at its beach properties, Jumeirah Hotels has been lagging behind major luxury groups, even in its home market - Dubai.

Like Silva, Giannouka has failed to turn Jumeirah into the 'Emirates Airlines' of hospitality, an ambition laid out but the Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum

Most recently, Dubai Holding has signed a strategic partnership with Accor, one of the first projects being the re-branding of Caesar's Palace Dubai to Banyan Tree Dubai

Burj Al Arab remains un-renovated since opening in 1999

Like in the case of Silva it is expected that there will be some exodus.

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