Dubai Hotels Couldn T Ignore These Emerging Trends

Category: Finance, Real Estate.

Property firms are increasingly looking at constructing more three and four star hotels in Dubai these days. A large number of tourists, apart from its expatriate community, are crowding Dubai s lanes each year.

Dubai has made a surge in the recent years in trying to become the recreational center of the Middle East. This has given a great push to Dubai hotels, especially to those in the luxury segment. The realty market hasn t taken care of catering to the needs of the low- end clientele, on the other hand. One may see many five star hotels popping up across Dubai s horizon as a result, and many being announced regularly. Realtors are increasingly looking at developing more affordable hotels therefore, and trying to gain a foothold in this emerging scenario. First of all, tourism is getting diversified and looking out at wining the favor of low- end clientele in the whole world.

There are several reasons why we are witnessing a sudden spurt in three and four star hotels in Dubai. Airlines are offering discounted flights to keep up being alive in an overcrowded zone. Travel industry is fast acquiring a global and competitive outlook. Tour operators are selling last minute holidays and cheaper hotel rooms to win more buyers. Dubai hotels couldn t ignore these emerging trends. Dubai has got no other alternative but to begin re- looking at its policies. There are several other major cities in the Middle East that could soon start giving Dubai a run for its money.

Hence the rising demand for less expensive hotels now. However, it stands highly insufficient in the backdrop of a rising demand for budget accommodation. There are a total of 90 three and four star hotels in Dubai in the present day scenario. The trend might transform very quickly though, since more and more the UAE based construction houses were proposing budget hotel plans. These Dubai hotels would be launched and promoted under the brand name of Istithmar Hotels. Dubai s investment firm Istithmar plans to partner with London based Easy Group, and build 50 more budget hotels in the near future. Dutch hotel chain, is also planning, Golden Tulip Hospitality to partner in 10 new budget hotels soon.

However, the new emerging trend is that of an increased number of travelers from within the Gulf region. The firm is already managing twelve hotels across this region and six more are scheduled to open up by the end of 200 Hotels in Dubai have always reported strong occupancy, especially during the peak summer seasons. Until recently, Gulf travelers constituted up to 25% of the clientele in Dubai hotels, most of these having their annual summer breaks. Most hotels and hotel apartments report of occupancies that may lie in excess of 80 to 90 percent. However, this has gone up to 50% in the recent months. One might say therefore how exhausted Dubai hotels could be finding it to continue as a business today, and how urgently they need to be given more three and four star hotels by the real estate firms.

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