Middle East unrest leads to boom in Dubai tourism

07/04/2011 - Dubai Investment News Posted by Neil King
Middle East unrest leads to boom in Dubai tourism

Hotel room occupancy is rising and malls and restaurants are filling out as tourism in Dubai is booming, reports show, a factor that has largely been put down to the civil unrest in the Middle East.Commentators say that people are avoiding travelling to Egypt and Bahrain and are opting instead for Dubai, both within the tourism sector and in business.Guy Wilkinson, managing partner at Viability Management Consultants, told Reuters: "It has been a windfall. There are 65,500 hotel rooms and apartments in Dubai, and they were all full. There was not a single one available."Indeed, figures from STR Global and reported by Reuters shows that hotel occupancy in the emirate increased 7.9 per cent in January compared to January 2010.As for the business sector, organisations have moved their operations to Dubai."You'll see the coffee shops at the (Dubai International Financial Center) and boardrooms are full with business executives trying to close deals that may have been delayed if they had waited it out in Bahrain," one Bahrain-based public relations executive told the news provider.This 'windfall' will add to the expected 3.5 per cent growth in the economy this year.