The second boom, made in Dubai
Expo effects: More midscale and budget, even more events and cities
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Celebrating the Middle East
Dubai. There was no shortage of fanfare at the 10th "Arabian Hotel Investment Conference" that took place in Dubai on May 4-5, 2014. This annual event celebrated its anniversary in style, and it also trumpeted Dubai's win of the World Expo 2020. The impact of the Expo was evident in almost every speech, more so than the other mega event coming to the region, the World Cup 2022 in Doha, Qatar. All these events and other government-led tourism projects are meant to create a new source of income for the Gulf countries that are diversifying their economies to generate non-oil growth. To do that they are expanding airports and ports, building new roads, bridges and hospitals, increasing the fleet of airlines such as Emirates and beefing up their marketing campaigns for tourism to woo more visitors.
News Mix from the Middle East
Dubai. Middle East and Africa remain a strong expansion focus. During the "Arabian Travel Market" in Dubai, hospitalityInside.com collected the announcements of local and international chains. More hot news.
Absorbing new supply
Dubai. Dubai scored the highest average daily rate in the Middle East and Africa region in January this year, with ADRs rising 12.8 per cent to $308.64 from January 2013. ADR, meanwhile, achieved the highest levels of any January since 2008 and remains the main driver for the double-digit growth in RevPAR. Dubai's hospitality market has rapidly absorbed the influx of new supply and continues to perform exceptionally well. This also encourages investors' interest in this sector. Property prices could return to the 2008 level by the end of 2014, experts believes. They also believe a real estate bubble is far off. The International Monetary Fund has a different view.
Dubai slaps tourism charge
Dubai. Dubai has introduced a new charge, called "Tourism Dirham", on tourists staying at hotels as part of efforts to fund the promotion of the emirate as a travel destination.