Occupancy Rates – At 86%, Dubai’s occupancy rates are amongst the highest of any city in the world and are expected to continue rising. Occupancy levels are a critical component for a profitable hotel investment which is why The First Group has built hotels in the most popular areas of Dubai and why our three completed projects in TECOM are currently operating at an occupancy rate of over 95%.
High Growth – Tourism in Dubai is widely reported to be experiencing double-digit annual growth and there is no sign of any slowdown. Dubai is well positioned to accelerate its growth even further with the recent achievement of becoming the world’s busiest international airport and the announcement of numerous, exciting new projects including World Expo 2020. Even without these initiatives, Dubai’s hotel industry has enjoyed a year-on-year increase of 4% in gross operating profits per available room, the most important measure of a successful hotel business.
World Expo 2020 – Dubai was already on pace to meet its vision of 20 million annual tourists by 2020. Projections now are suggesting that Dubai will see over 25 million visitors in a period of only six months during the World Expo which is great news for the hotel industry.