Dubai Hotels - Plenty of Room for Growth

31/03/2011 - Dubai Property News
Dubai Hotels - Plenty of Room for Growth

Dubai’s thriving tourism and hotel industry is proof that the city has emerged from the global financial crisis. That’s according to one of the city’s top hoteliers, who believes Dubai has what it takes to continue to post positive results. Experienced hotelier, Guido De Wilde, senior vice president and regional director for luxury hotel group Starwood in the Middle East believes that despite a large supply in the city, there is still plenty of room for the industry to grow.

In an interview with local newspaper 7 Days, hotelier De Wilde said he was confident the Dubai hotel could absorb the expected 7,500 rooms that are due to come onto the market. Indeed, latest figures echo this positive attitude, with the emirate achieving a 7.6% rise in hotel occupancy in January this year. Average occupancy levels across the city reached 76.6%, while revenue per available room (RevPar) also increased by 2.8%.

The Starwood group, which includes a portfolio of 15 hotels in Dubai, such as Le Meridien, Four Points by Sheraton and Westin brands, has experienced an average occupancy of 92%. Last month also saw many other hotel brands compete and indeed surpass that, with some achieving full occupancy. The First Group’s Dubai Sports City project, The Diamond Hotel Apartments, was amongst the few that enjoyed 100% occupancy during the month of February/March. Watch this space for news on the imminent launch of First Central, The First Group’s hotel apartment development in Tecom, ‘New Dubai’ which is due to launch in July. 

There’s never been a better time to invest in Dubai, say industry heavyweights heading to this month’s Cityscape Global Conference. Invest in your Future - Click here to learn more.