Dubai Expects Growth of Hospitality Market

Sunday, 30th October 2016

Dubai expects its number of available hotel rooms  to increase from 94,000 at the start of 2015 to 164,000 by 2020, according to the GCC Hospitality & Leisure Recreation Report 2016 published earlier this month.

The report, commissioned on the occasion of The Big 5 construction exhibition set to take place at the Dubai World Trade Centre from 21-24 November, values combined value of the hospitality sector across the GCC countries to stand at $126.8 bn. The report further places the value of hospitality and recreation developments in the UAE alone at $83.8 bn.

The Big 5 exhibition in Dubai is expected to attract 75,000 participants and over 3,000 exhibitors. Big 5 Event Director Josine Heijmans noted the positive prospects in the industry and pointed to the fact that tourism contributes 8.5% of the UAE’s GDP, stating that “the Big 5 2016 will capitalise on these opportunities,“ Arabian Business reported on Sunday.

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