Dubai Hotel Sector to Lead Economic Recovery

07/04/2011 - Dubai Property News
Dubai Hotel Sector to Lead Economic Recovery

 Dubai’s thriving hotel industry will be one of the first sectors to recover from any last traces of the economic crisis. That’s according to a recent report by Jones Lang LaSalle on the ‘Top Ten Trends for UAE Real Estate 2011.’ It predicts the hospitality industry will become more focused on performance and repositioning this year, and forecast that while Abu Dhabi’s hotel market is set to soften in 2011, Dubai’s hotel industry will stabilise.

The key issues affecting the hotel investment industry will also be the subject of debate at the Arab Hotel Investment Conference (AHIC). Speakers include Joe Sita, President of IFA Hotel Investments; an internationally renowned developer of hotel and tourism projects. Commenting in the run up to the event, Mr. Sita had a positive outlook for Dubai, despite the current unrest in other parts of the Middle East.

“Within the region, we believe that Dubai, owing to its stability, will remain as attractive a destination for investment as it has always been." AHIC takes place from 30th April – 2nd May in Dubai, and will bring together over 600 hotel industry leaders from more than 40 countries.