Posted by Neil King
Strong demand in Dubai's hotel sector will see nearly 14,000 additional rooms introduced into the emirate by the end of 2012, new research shows.
The study by property consultancy Jones Lang LaSalle claimed the growth would be supported by the opening of major hotels such as the Ritz Carlton, the Pullman at the Mall of the Emirates and the Fairmont Resort & Spa at the Palm Jumeirah, Emirates Business 24/7 reported.
In addition, the research found that high demand levels will see Dubai's hotels maintain occupancy rates within the low to mid-70 per cent level over the short to medium term.
Jones Lang LaSalle also noted that Dubai's total hotel graded supply has increased by nearly 3,600 during the second quarter of 2010 as hotels such as Armani at Burj Khalifa, Sofitel at Jumeirah Beach and Movenpick at Jumeirah Beach were completed.
The news comes after Dubai Airports recorded a 13.6 per cent year-on-year growth in passenger traffic at Dubai International during May this year.