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Market dynamics to effect hotel revenues
- United Arab Emirates: Thursday, September 06 - 2012 at 12:33
Michael Scully, the chief executive of Dubai-based First & Foremost Hotels & Resorts has said increased local and regional competition set against a backdrop of global economic uncertainty, has put new and enhanced revenue streams firmly front of mind for hotel owners and operators, Saudi Gazette has reported. "So far, Dubai in particular has benefitted from unrest in other parts of the region, such as Tunisia, Bahrain, Egypt, Syria and more recently Lebanon," Scully said. "However, it would be foolish for any business here to rely on that revenue stream," he added.
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