During the 2007 – 2017 decade, the tourism and hospitality sector experienced strong growth and its direct contribution was increased by 138% to the country’s gross domestic product with sectoral employment growing by 119% over the same period. However; the “sudden and dramatic fall in the oil price has led to a decrease in high spending visitors to the region as well as the devaluation of the euro against the dollar has led to a drop in visitors in the Eurozone.” –Philip Shepard, a partner at PricewaterhouseCoopers. In 2021, hotel stay demand in the UAE is expected to recover to 62% occupancy on an average and up. Not even the presence of such names as Burj Al Arab, Waldorf Astoria, Burj Khalifa, The Ritz-Carlton, One&Only Royal Mirage and the many star-studded names can stop the emergence of other new hotels in Dubai or in UAE in general. The hotels of different segments from budget and economy class to luxury have registered around 70% occupancy rates during 2015 – 2018 in the United Arab Emirates followed by an average 10-year revenue per available room at USD 97 during the past four years. Dubai Tourism Commerce & Marketing (DTCM), announced that Dubai welcomed 15.92 million overnight visitors during 2018. Dubai Hospitality Industry is set to see new heights in the future. With the increasing global tourism, the great shopping experience and entertainment facilities that the United Arab Emirates offers has created its own significance as a premier tourism and leisure destination in the world. If you are planning to travel to Dubai or work in Dubai in the hospitality industry, you are with the tide. If you continue to use this site we will assume that you are happy with it. UAE MARKET REVIEW AND FORECAST 2020 TAIMUR KHAN Associate Partner “Looking ahead, the UAE’s GDP is expected to pick up momentum and record a growth rate of 2.2% in 2020, before tapering slightly to 2.1% in 2021. Dubai based Hospitality Management Holdings (MHM) CEO Laurent A. Voivenel believes that budget hotels, such as the Emirate, needs more budget-friendly rooms over high-end rooms in order to attract and diversify the options for budget-conscious tourists. Expo 2020, existing stimulus packages and expansionary budgets are set to underpin these stronger rates of growth”. Dubai has entered top 10 of the Global cities in hotel supply, 3 Ways to Empower Employees in the Hospitality Industry, All about Hotel Management Consultants- A Comprehensive Guide, How Revenue Management System Can Boost Your Hotel Business, Funny Pictures Related to the Hospitality Industry, Career Tips for Hospitality Professionals to Bounce Back after COVID-19, Top Information Systems Used in the Hotel Industry, Top Digital Marketing Trends in the Hospitality Industry, 25 Astonishing Facts about the Hospitality Industry. It is due to this growth that even hospitality Jobs in Dubai have seen a dramatic rise in the past decade. Click here. In the UAE, the initiative will benefit a broad range of stakeholders involved with Expo 2020, from consultants and … So, if you are looking for hospitality jobs in Dubai, you have a better chance to get into this new hospitality world. A complete background analysis of the Hospitality Industry in the United Arab Emirates, which includes an assessment of the industry associations, overall economy, and emerging market trends by segments, significant changes in the market dynamics, and market overview is covered in the report. Along with the limitless of unexplored historical features, Dubai is celebrated for being the planet’s major shopping hub. Did you hear that Dubai’s Hotel industry might see a slump after the World Expo 2020? One of the American hospitality giant Marriott established a strong base in the country with more than 55 hotels that are spread across all the major cities of the region and are offering around 16,000 rooms/keys to the supply. The Dubai hospitality market has a lot to attribute to it’s founding success this year. With the number of rooms soaring beyond the proverbial 100,000 mark, Dubai’s hotel and hospitality sector are poised for greatness. While this growth is substantial it will only become greater in 2018, adding close to 10000 rooms each year. Whether you love wild desert adventures, basking, parties, tours down the emirate’s historic location, fun at the sporting centres or anything, Dubai is far much more than just that. We have a lot of information about the Hospitality industry of Dubai in this post. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. Just this year, over 5000 rooms are being added to the hospitality sector. The market is segmented by Type (Chain Hotels and Independent Hotels), by Segment (Service Apartments, Budget and Economy Hotels, Mid and Upper Mid Scale Hotels and Luxury Hotels).
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