Dubai hospitality on a high

24/07/2011 - Dubai Investment News
Dubai hospitality on a high

Dubai’s hospitality industry continues to thrive, according to a new report by Middle East real estate specialist, Cluttons. The research, looking at the sector during Q2 2011, shows the emirate has put a strong performance in hotel occupancy levels and length of guest stay.

“The flexibility and consistent performance in Dubai's hospitality industry and other sectors has helped to reduce economists' fears of a double-dip recession in the UAE,” the report states. Steven Morgan, Head of Cluttons UAE also comments, "Occupancy rates and lengths of stay have enjoyed considerable growth. To what extent Dubai's current performance is being buoyed by the recent political uncertainty in the region is not yet known, but in the short term, Dubai seems likely to out-perform in the tourism market this year."

With over 52,000 hotel rooms on the market, Dubai easily catered for the 8.3 million visitors that arrived in 2010. 2011 will see a further 10,000 rooms come onto the market. The First Group is set to add to that supply with the forthcoming opening of two of its prestigious hotel apartment projects, First Central and Grand Central in Dubai’s buzzing Tecom district.