An oversupply in Dubai’s hotel market will be fully absorbed after Expo 2020 Dubai, the CEO of French international hotel group Accor told sister title Arabian Business. Speaking to Arabian Business, Sébastien Bazin said the market is “overcrowded” and has faced difficulties in the past few years, but would rebound over the next 18 months with the help of Expo 2020. “I am very thankful that [Expo 2020] exists and it’s coming, because we have had some difficulties in Dubai for

According to data revealed by Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism), the city recorded a drastic rise in the influx of international tourists in January 2019. Dubai, according to the research, recorded a total of 1.61 million tourists in January 2019 a rise from the 1.58 million tourists who visited in January 2018. India was the top source market, with a total of 206,000 tourists visiting Dubai. Saudi Arabia was second on the overall list and was

BERLIN—Asset managers in the hotel industry must have eyes on every aspect of a property to develop successful strategies for managing the evolving relationships between investors, owners and operators. This holistic approach is not unlike what’s expected of the sister discipline of revenue management, according to speakers during a session at the recent International Hotel Investment Forum titled “Improving performance: The rise of the asset manager.” “Revenue management is

Dubai had a pipeline of 168 hotel construction projects with 49,950 rooms as of 2018, ranking it second in the list of global cities with the largest hospitality pipelines, only behind New York City's 171 hotels with 29,460 rooms. Here's what our sister concern Construction Week Online has reported. Lodging Econometrics’ year-end Global Construction Project Trend Report found that the number of hotel construction projects globally increased by 7% in 2018, marking "a record hi

The major hotel brands can be expected to look skeptically at HotelTonight as the last minute booking site becomes part of their longtime antagonist, Airbnb. But the chains are unlikely to boycott it all together, analysts say. The question may be academic, analysts say, because mainstream brands represent only about 10% of listings on HotelTonight. And Airbnb won’t exactly be chasing the big brands as it builds out a platform that features independents and caters to leisure