Posted by Bob Brunskill
There are between 16,000 and 20,000 hotel rooms ready to enter the Dubai market by the end of the year, a government official has said.
Speaking to Emirates Business 24/7, Khalid bin Sulayem, director-general of Dubai Tourism and Commerce Marketing, suggested such expansion would be a major boost to Dubai's tourism industry.
The comments come after a report by Dubai-based research company Proleads revealed there are currently more than 470 active hotel projects in the Gulf Cooperation Council (GCC) alone, with the UAE accounting for the bulk of it with 258 properties.
Ray Tinston, sales director of the Hotel Show - which began yesterday (May 18th) in Dubai - noted that estimated cash expenditure this year on hotel projects under construction across the GCC will top $1.17 billion and that the number of active projects is accelerating by 11.4 per cent.
"These figures underscore the region's long-term ambitions. The region will have the best hospitality infrastructure in the world and some of the finest hotels and resorts, when the global economy finally emerges from the downturn," he told the news provider.
Meanwhile, it was reported this week that the first Armani Residences units have been handed over at Dubai's Burj Khalifa, the world's tallest tower.