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Dubai heads global room rate statistics
- United Arab Emirates: Wednesday, April 23 - 2008 at 08:55
- PRESS RELEASE
The disciplined manner in which many of Dubai's hospitality real estate projects have reached completion, bringing in their wake a much-needed increase in room inventory and rate, bodes well for the future of the emirate's hospitality sector, according to Gerald Lawless, Executive Chairman of Jumeirah Group.
"The average rates we are now enjoying may level off, but I don't see them decreasing," he said.
He went on to note that demand for hotel accommodation is healthy and not reliant upon one customer stream: "The region has wisely spread its attention across multi-faceted projects such as Burj Dubai, The Palms in Dubai, The World islands, Dubailand, Dubai Sports City, Festival City and Healthcare City.
"Dubai, particularly, has interwoven its residential projects with sector-specific master plans such as Dubailand, Sports City and a wide variety of commercial cities. It has shown how to successfully pull visitors from all sectors, including commerce, family tourism, meetings, events and exhibitions," he observed.
Remaining with Dubai, Lawless said that he believes occupancy rates and levels can be maintained: "Dubai remains an opportunity as it develops as a true, multi-interest destination that will more than double in size, as will the local-based airline, Emirates'."
However, Lawless warned that when it comes to promotion, 'one size no longer fits all'.
"Promotion was once successful if generic across all audiences but now with all these different projects and offerings we have to adjust our message accordingly.
"We have to target specific profiles and markets with specific messages," he said.
Referring to the recent upheavals in global financial markets, Lawless is optimistic that the Middle East will ride out any recession, pointing to its international dimensions to substantiate growth.
"What the region has done is to emphasise the need to look for new market segments, not just the traditional markets," Lawless continued.
"At Jumeirah, for example, we are looking at Asia in general, and China and Japan in particular - we have already received high-end groups from the former at Burj Al Arab and this type of business will be enhanced with an approved-destination status for the UAE."
Another key market in future could be the Americas, he predicted.
However, while the region is gearing up to take its place as one of the world's major business and leisure hubs, Lawless said elements such as environmental and sustainability issues, as well as human resources would be key in achieving continued success.
"Human capital is a major challenge, not just getting new people in to man the hotels opening in the region but also in retaining trained staff.
"Headhunting is rife and it is important for us to deliver as 'an employer of choice' - a task that will become easier as we expand and can offer an international career path, where we could not in the past."
Sessions at AHIC 2008 will address many of these topics in detail to provide local developers and international operators with guidelines for practical application in regional expansion of the hospitality sector.
In focus will be Shariah-compliant hotels, mixed used developments, fractional ownership, investment, acquisitions, super luxury brands and new regional names, management contracts, green development and brand strategies.
"While the Middle East is a 'hot' topic for everyone involved in the hotel industry, there is still much to be learned about doing business here and strategies that are appropriate for its focused growth," confirmed conference co-organiser, Jonathan Worsley.
"Visitors to AHIC are from the most senior levels of the industry, and they are all converging on Dubai to look and learn, as well as network to move the sector forward."
The Arabian Hotel Investment Conference will run from May 3-5, 2008 at Dubai's Madinat Jumeirah Convention Centre and is jointly organised by The Bench and MEED.
Platinum sponsors of the 2008 event include: Bawadi, IFA Hotels & Resorts, Jones Lang LaSalle Hotels, Ministry of Brazil, Nakheel Hotels and The Rezidor Hotel Group.
Gold Sponsors include Abu Dhabi Tourism Development and Investment Company (TDIC), Accor SA ME, Aldar Hotels & Hospitality, Almulla Holding LLC, Arabian Travel Market, Breaking Travel News, Christie + Co, Cushman & Wakefield Hotels, Davis Langdon LLP, DLA Piper, DLF Hotels, Emaar Hospitality Group, Emirates Airline, Fairmont Raffles Hotels International Inc, Godwin Austen Johnson, Golden Tulip MENA Region, Group RCI, GuestInvest, Hamilton Hotel Partners, Heller Ehrman, Hilton Hotels, Horwath HTL, HVS, iBAHN, InterContinental Hotels Group, Interval International, Jumana - Secret of the Desert, Jumeirah, Kempinski Hotels, Langham Hotels International Limited, Layia Hospitality, Marriott International, Molinaro Koger, Morgan Stanley, Mövenpick Hotels & Resorts, Mozambique Tourism Anchor Investment Program, Northcourse Real Estate Leisure Solutions, OBM International, Rakeen, Rotana, Shaza Hotels, Starwood Hotels & Resorts, Strategic Solutions, Taj Hotel Resorts & Palaces, Tiara Hotels & Resorts, TDO - Tourism Development Organisation (MENA), TRI Hospitality Consulting, Turks & Caicos Islands, Vision Hospitality Asset Management, WATG, West LB and Wyndham Hotel Group International.
Media sponsors include AME Info, ATM, Breaking Travel News, CNBC Arabia, CNN, Destinations of the World, HOTELS, Hospitality News Magazine, Luxury Hotelier, Sleeper and TTN.
Supporters: Dubai Convention Bureau, The Emirates Academy of Hospitality Management, IBLF, IH&RA, Native Energy, Villeroy & Boch, WTTC.
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Notes and media contacts
Media Enquiries to Strategic Solutions:tel +97150 6556126
tel +97150 9803810
About the organisers:
The Bench
The Bench, a global partner with Smith Travel Research (STR), is a market leader in providing daily, weekly and monthly benchmarking data to more than 34,000 hotels worldwide. As the leading provider of online real-time benchmarking data, The Bench brings accurate hotel performance statistics to the market at an unparalleled speed.
Jonathan Worsley, Chairman of The Bench is one of the organisers and founders of the International Hotel Investment Forum (www.berlinconference.com) and is responsible for launching and co-organising the Arabian Hotel Investment Conference and the Russia & CIS Hotel Investment Conference (www.russia_cisconference.com). Worsley sits as an advisor to the World Travel & Tourism Council which represents many of the leading companies operating worldwide in the travel and tourism industry www.thebench.com
For further information please contact:
Gillian Powell
Tel: +44 208 297 2053
Sally Marwaha
Tel: +44 (0)1244 341956
About MEED
MEED is internationally recognised as providing essential business intelligence for anyone doing business in, or with, the Middle East and North Africa. With journalists and contacts across the entire Middle East and North Africa region, MEED provides reliable, up-to-date business news, analysis and data in both print and online. MEED attracts customers from across 78 countries worldwide.
www.meed.com
www.meedprojects.com
For further information please contact:
Diana Gregory
Tel: +971 (0) 4 375-7987
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
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Posted by Anne-Birte Stensgaard, Senior News Editor
