The hospitality industry of United Arab Emirates can expect a surge of new room accommodations one year from now and in 2018, as finishing point of hotel construction speeds up in anticipation of the Expo2020 in Dubai.
Around 183 construction projects are upcoming in the UAE and record shows about 54,000 rooms, as per Tophotelprojects, a think-tank company in Germany.
Of these, 56 hotels are relied upon to come into operation one year from now, with additional 58 more in 2018, the organization said ahead of the three day Hotel Show Dubai, which begins on September 17.
Abu Dhabi and Dubai have the most ventures under way, with 131 hotel lodgings representing the 41,133 rooms in Dubai, and 24 in Abu Dhabi with 6,486 rooms. Sharjah has left on six activities, with 959 rooms, and Ras Al Khaimah has five undertakings with 1,847 rooms.
Hard Rock Hotel Dubai Marina is one of the new hotels. It is set to open in the final quarter with 288 rooms, as per the company. Sheffield Holdings, Dubai’s private developer is behind the venture.
When it opens, Paramount Hotel Dubai which is located in the four-tower Damac project will have 823 rooms in the 3rd quarter of 2017, as indicated by the developer Damac. It will be a part of the Paramount Tower Hotel and Residences venture.
Citymax Hotel of the Landmark Group will launch in Al Barsha with 120 rooms, while another will be opened in Business Bay in Dubai with 375 rooms one year from now. A 204-room Citymax in Ras Al Khaimah is being anticipated to open one year from now.
While trying to increase its accommodation offerings, Dubai is empowering the development of more hotels, particularly midmarket ones, through a district charge waiver that is allowed if a development license is conceded by December one year from now. Toward the end of May, Dubai had 673 lodgings and apartment hotels, up from 665 toward the end of May a year ago, as per the Dubai Department of Tourism and Commerce Marketing.
The growth supply of rooms is additionally pushing down the everyday room rate. The normal amid the initial five months in Dubai was Dh560, down from Dh633 a year prior. The city hopes to have more than 100,000 rooms before the end of 2020, to suit an expected surge of travelers on the Expo.
Amid the initial five months of the year, it got 6.57 million global visitors, up 4 percent from the 6.32 million welcomed a year before.