The Hospitality In Dubai

Market Research Report On the Hospitality Industry In Dubai
(ARC2007)

Dubai’s hotels also have one of the highest RevPar worldwide therefore attracting numerous hotel investors and developers eager to cash in on the lucrative market.

According to Arthur de Haast, Global CEO of Jones Lang Lesalle, the onslaught of hotel and related leisure projects in the Middle East region is justified by the expectations of sustained growth in demand.

With this as a backdrop the following report has been generated benchmarking key properties and indicators as an investment tool for potential investors in the hospitality industry in Dubai.

ARC This Market Research report has been compiled using a variety of information using traditional research methodology and reports by the UAE tourism board and interviews with a variety of professionals, whom will remain nameless, from a variety of Hotels within the region.

The main function of this report is to provide investment information for any developer in the UAE whom wishes to invest in the Hospitality industry and especially the lucrative five star hotel market in Dubai

Although there is a general lack of transparency within the industry due to its increasingly competitive nature all information present is as accurate as I can possibly achieve and all supplementary methods have been utilized to check the accuracy of the figures.

ARC Luxury Hotels Supply and Demand Summary

The following section provides an overview of luxury hotels in Dubai based on Q1 and Q2 2007 datasets provided by Dubai Department of Tourism and Commerce Marketing (DTCM). 

Within the five star set I have specifically focused on the most up market sub-products such as suites and villas as these form a large part of the new five star product.

ARC COMPETITIVE SET ANALYSIS

The following section provides analysis of a select set of up market luxury hotels in Dubai. Five properties have been selected on the basis that they represent premium five star beach properties in Dubai and represent a similar product to the new developments that are up and coming in Dubai on the three new reclaimed Palm and Waterfront Developments. 

These new developments have a considerable portion of their entire development strictly set aside for the five star resort leisure market.

APPENDIX: DUBAI HOTEL HISTORIC SUPPLY INDICATORS (2000-2006)

The following section provides a historical perspective (years 2000-2006) of Dubai hotel supply indicators. Preliminary supply indicators for year 2007 (Q1 and Q2) are presented in the main body of the report in Section 1.

Please note: For the purposed of this report. Luxury hotels are defined as five star properties as classified by the Dubai Department of Tourism and Commerce Marketing (DTCM). Similarly, other hotels comprise four, three, two, one star and listed hotels by DTCM classification.