Published on : Wednesday, January 9, 2019
Other emirates in the UAE also are witnessing increased interest from developers.
To quote Olivier Harnisch, the CEO of Emaar Hospitality Group, “There are a lot of hotel openings scheduled in 2019 and we expect tourism to grow by 5 percent to 6 percent during the year.” He added, “Right now, everybody is preparing for Expo 2020. The big change that we will see in the industry will be a more noticeable shift toward new markets; the Chinese, Indian and Russian markets will continue to be important in the coming months. Dubai is the fourth most-visited city in the world and moving forward, we can safely say that we have great ambitions for the hospitality sector.”
The UAE as a whole received approximately 8,000 new branded hotel rooms last year. Hotel supply is expected to increase by 13.3 percent in Dubai, with a compound annual growth rate of 10.2 percent in occupied room nights reaching 35.5 million annually in 2019.
However, Dubai isn’t the only emirate to be eyed by the developers. Other emirates are seeing increased interest from developers, and local governments are taking important steps to attract new deals. In December, Ras Al Khaimah’s Tourism Development Authority launched a three-year strategy for diversifying the emirate’s tourism platform and attracting broader demographics.
Most notably, the emirate is planning to add 5,000 guestrooms to its existing supply of 6,500, bringing in brands like Marriott, Mövenpick, Sheraton, Anantara, Rezidor, InterContinental and Conrad over the next three years. The first Conrad is expected to open in 2022.
“As our tourism offering evolves in Ras Al Khaimah, we must ensure our destination is attractive to travelers who wish to explore beyond the resorts and hotels,” said RAKTDA CEO Haitham Mattar.
Tags: Dubai's Expo 2020