Posted by Neil King
The hotel industry in the United Arab Emirates is set to have recovered by the end of the year, an expert in Dubai property investment has said.
Sami Al Ansari, chief executive of Ishraq Gulf Real Estate, claimed that with the help of an upturn from the global recession and a capitalisation of growing tourist numbers, hotel revenue will be back up by December.
Speaking to the Khaleej Times, Mr Al Ansari added that the affordability of Dubai needs to be communicated to the 40 million people per year which pass through Dubai International Airport in order to boost hotel occupancy numbers.
"We have seen good demand for hotel rooms in Dubai, as the city achieved 90 per cent occupancy level in first two months of 2010 compared to 70 per cent in same period last year," he explained.
Al Bawaba recently reported that Dubai's leading hotels have seen an upsurge in their occupancy levels thanks to the Dubai Shopping Festival, which concludes on February 28th.