The surge in visitors, including to theme parks, attractions, and hotels in the lead-up to Expo 2020, will significantly boost Dubai's hospitality industry through 2020 and beyond, experts say. Hhotel Management.
It is assumed that the new ones Tourism incentives such as improved service standards, new attractions, the renovation of existing venues, and the arrival of renowned brands will attract additional tourists and increase the average length of stay of visitors in the country.
Further investment in airports and hotels and market diversification are also expected to increase Dubai's attractiveness in the post-Expo period.
"As Expo 2020 sites are subsequently repurposed, we expect the number and scale of attractions in the region to continue to grow. Significant tourism development, IMG Worlds of Adventure projects, Dubai parks and resorts, and cultural attractions like the Louvre Abu Dhabi are expected to continue to attract tourists in the decade following 2020," said Sidharth Mehta, partner and head of construction and real estate at KPMG Lower Gulf.
According to Christopher Lund, Director of MENA at Colliers International, Growing demand from the Indian and Chinese markets are key factors in the surge in tourism in Dubai. In both countries, the middle class is rapidly growing, along with the number of international passport holders, which has led to an increase in outbound tourist flows. The introduction of new visa procedures for Indian and Chinese citizens in Dubai also contributed to the increase in visitor numbers. The result is a double-digit increase in tourist flow.
In 2017, the emirate welcomed 15.8 million tourists. Analysts predict that by 2020, the number of tourists will reach 20 million. In addition to China and India, the growth in tourist flow was driven by the activity of the Russian market, as well as markets in Southeast Asia, Latin America, and Africa.
Experts predict that affordable hotels in Dubai will remain a key focus for investors until 2020, when the city becomes a hot spot for both mass and niche tourism.
So far, only 20% hotel rooms in Dubai were rated in the one- to three-star categories in 2017, compared to the Paris hotel industry, whose 1- to 3-star hotels made up 43% of the city's market.
Owners have traditionally favored investing in the luxury hotel sector. However, investors are now turning to lower-cost markets in the UAE.
Source: trn-news.ru