Dubai plans to almost double the number of hotel rooms by 2020 as it expects a surge of visitors to the desert sheikhdom ahead of that year's World Expo.
The emirate that spent more than $110 billion to transform itself into the Middle East's commercial and entertainment hub is seeking to attract 20 million tourists annually by the end of the decade, Helal Saeed Almarri, director general of the Dubai Tourism and Commerce Marketing, said in an interview yesterday. To do that, it needs to raise the number of hotel rooms to as many as 160,000, many of them not in the luxury category Dubai is known for, he said.
"None of these rooms are being built specifically for the Expo or any one event," Almarri said. "They're being built purely because of the core tourism numbers. Dubai won't turn into a ghost town after the Expo."
Dubai, part of the seven-member United Arab Emirates, lured 11 million tourists last year, up 11 percent from 2012, contributing to economic expansion of 4.9 percent, the fastest pace in six years. Tourism accounted for about 20 percent of gross domestic product in 2013, and is forecast to increase between 7 percent and 9 percent through 2020, Almarri said.
While Saudi Arabia and India represented two of the biggest markets for Dubai in 2013, according to DTCM data, the emirate draws tourists from both East and West. Dubai airport passenger traffic grew 14 percent in 2013 after expanding 13 percent a year earlier. It hit a record 6.4 million in January.
"We have a very fragmented source markets, no single market exceeds 10 percent of tourists," Almarri said, "That is obviously very positive for us, because it allows us to circumvent any anomalies in terms of economies or currencies."
Read the full story "Dubai Eases Laws to Double Hotel Rooms Ahead of 2020 Expo" by Dana El Baltaji on Bloomberg.com.
