Dubai hotel industry investment opportunities
Dubai hotel industry investment opportunities
Based on materials http://www.thefirstgroup.com
A boost in hotel development activity is being witnessed across all the Middle East and Africa region. As the UAE is considered to be the region's main tourist hub, the local booming hotel industry opens up unrivalled opportunities for property investors worldwide.
Dubai’s position as a leading tourism destination in the Middle East strengthens due to its ease of access, quality branded hospitality offering, modern infrastructure, leisure and entertainment options, and safe environment.
Dubai hotels’ performance indicator levels are among the highest in the world. Dubai builds hotels at the fastest pace of any city, and also has the highest in the world RevPAR, as well as strong levels of occupancy and average daily rates. Double-digit growth is expected to be witnessed in the industry in the near future.
As a result of rising demand from international tourists and business travelers looking for moderately priced accommodation options, diversification increases in the industry. As there is massive need for three and four star hotels, a larger number of mid-range hotels are expected to enter the hospitality market.
Based on materials http://www.thefirstgroup.com
A boost in hotel development activity is being witnessed across all the Middle East and Africa region. As the UAE is considered to be the region's main tourist hub, the local booming hotel industry opens up unrivalled opportunities for property investors worldwide.
Dubai’s position as a leading tourism destination in the Middle East strengthens due to its ease of access, quality branded hospitality offering, modern infrastructure, leisure and entertainment options, and safe environment.
Dubai hotels’ performance indicator levels are among the highest in the world. Dubai builds hotels at the fastest pace of any city, and also has the highest in the world RevPAR, as well as strong levels of occupancy and average daily rates. Double-digit growth is expected to be witnessed in the industry in the near future.
As a result of rising demand from international tourists and business travelers looking for moderately priced accommodation options, diversification increases in the industry. As there is massive need for three and four star hotels, a larger number of mid-range hotels are expected to enter the hospitality market.
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