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FINANCIAL NEWS
Dubai needs 2.5m tourists to occupy hotel room increase
08 Dec 2010
(MENAFN) Alex Kyriakidis, Deloitte LLP�s Global Managing Director of Tourism, Hospitality & Leisure, revealed that over the next five years, Dubai will need to attract an additional 2.5 million tourists annually to absorb an estimated 60 percent increase in hotel rooms, Bloomberg reported.
According to Kyriakidis, the emirate, which has around 50,000 rooms, including the Burj Al Arab hotel and the 160-room hotel designed by Giorgio Armani, may struggle to maintain occupancy and rates as a further 30,000 rooms are likely to be added.
Kyriakidis added that hotels must work with UAE-based airlines to develop packages that deliver lower prices for tourists from emerging markets such as China and India.
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