The Growth of Hospitality Industry in Dubai

PROFITABLE HOSPITALITY PROJECTS IN Dubai BOOMING ECONOMY OF DUBAI The Global Destination Dubai's branded hotel market Cities Index 2013 ranked Dubai as the 105% grew by over world's 7th from 81 hotels most visited destination for international in 2006 overnight visitors. to 167 in Q1 2014. Up-scale hotels almost Over the past 5 years, room demand has doubled from a total of 66 hotels in 2006 to expanded 63.4% 129 in Q1 2014 Dubai Hotels generates l'evenue of -16,031,996 ('ooo Dhs) in 2012, growing at around 20% per year. Future prospects The Dubai Expo 2020 is expected to attract 25 million visitors over a period of six months As per project consultancy firm estimates, projects worth approx $35 billion will be awarded in 2014. The Dubai Government has decided to increase the hotel rooms to more than 1,25,00 from existing 82,000 By 2020, The total investment in hotel capacity required is to be US$ 7.2 billion It is likely to boost Dubai's economic growth to an average 6.4 percent a year from 2014 to 2016 Financial Benefits Dubai s Department of Tourism and Commerce Marhet has introduced various benefits Approval process for hotel construction Municipality fee on rent waived off by 10% Allocation of Government Lands reduced to 2 months for 3-4 start hotels OAGIAO - Tips to do business in Dubai OGIA@s Put efforts in talking and BUILD gaining their trust before you start talking RELATIONSHIPS, business and money Do research about their cultural preferences UNDERSTAND THE CULTURE Food habits Dress habits for men and Way to deal with women women in Dubai Be careful about your langua Topics to choose for friendly conversation Choose a project intelligence and tender advisor to know about latest profitable projects. Major Players جميرا انترناشونال JUMEIRAH INTERNATIONAL MAJID AL FUTTAIM NAKHEEL EMAAR Nakheel Emaar Majid Al Futtaim Jumeirah International DAMAC DUBAI PROPERTIES GROUP Dubai Properties Damac Sources http://www.deloitte.com/assets/Dcom-MiddleEast/Local%20Assets/Documents/Industries/Consumer %20Business/Tourism,%20hospitality%20&%20leisure/me_thl_whitepaper_issue1_April2014.pdf https://hotelexecutive.com/newswire/47885/dubai-department-of-tourism-and-commerce-marketing- outlines-2020-tourism-strategy-to-hospitality-industry http://www.thenational.ae/business/industry-insights/tourism/investor-confidence-in- uae-hotels-grows-as-visitor-numbers-rise http://www.propertyshowrooms.com/united%20arab%20emirates/property/investment/why-invest-in- united%20arab%20emirates-property.asp PRESENTED BY METenders .com Middle East Project Intelligence & Tenders