As one of the largest market for five-star hotels in the world, Dubai is poised for more in the near future.
This statement was supported by Dubai’s hotel occupancy level not stepping down to 80 and notwithstanding the competition from other major cities worldwide in the first quarter of 2014.
It is said that designer hotels are expected to be in the trend and they are aiming to take its share on the growing industry with intense attention to detail, luxury products and spa offerings. A Roberto Cavalli-branded hotel is on the table, while the Palazzo Versace hotel is expected to open in the spring of 2015.
Last 2010, the Armani hotel, located in the world’s tallest building Burj Khalifa, was opened through a joint venture between Emaar Properties and Giorgio Armani. This year, Dubai tourist hubs have seen the rising of several five-star hotels including Sofitel Dubai, Waldorf-Astoria, Anantara Dubai along the Palm Jumeriah.
A report was released by a consultancy firm stating that 68% of the 93,000 hotel rooms, greater part is in the five star level, available in the city are controlled by international operators.
Over 28,000 rooms offered at the ceiling price point around $1,200 per night or $10,000 for a suite will be supplemented by year 2016.