The UAE will go on to direct the GCC’s luxurious hospitality phase to 2022, with 73 for every cent of present luxurious hotel inventory and 61 for every cent of the region’s present-day luxurious pipeline found in the state, in accordance to knowledge introduced forward of Arabian Vacation Sector 2018.
The investigate demonstrates that luxurious attributes have increased 3-fold in the GCC in just ten a long time, with 95 for every cent of these attributes operated by international administration models.
Despite using the direct position, the UAE will encounter solid competition from Saudi Arabia, which is expected to witness the most major increase in luxurious hotel source to 2022, with a compound annual development charge of 18 for every cent from 2018 onwards.
Across the rest of the GCC, this figure stands at ten for every cent in the UAE, 11 for every cent in Oman and Kuwait, and 9 for every cent in Bahrain.
Simon Push, senior Exhibition director, ATM, explained: “The opening of this kind of iconic attributes as Burj Al Arab in 1999 and Raffles Makkah Palace in 2010, changed the encounter of luxurious tourism in the GCC, as properly as the skylines of its significant cities.
“The region might be operating to attract a wider customer blend, but its commitment to luxurious hospitality and tourism will not take a back again seat at any time soon.”
In accordance to the investigate, compiled by Allied Sector Investigate and released by Colliers Worldwide, there are six options for further growth in the GCC’s luxurious phase.
These incorporate the introduction of far more boutique resorts of 80 keys or fewer, presenting privacy and exclusivity luxurious resorts to cater to the high desire for marriage ceremony and honeymoon locations iconic attributes in primary areas and character and heritage concepts this kind of as eco-lodges and glamping.
Substantial quality wellness and spa attributes and luxurious cruises also feature on the list.
Push continued: “The GCC’s popularity for entire world-course hospitality, primary concepts and major foodstuff and beverage have secured its spot as one particular of the world’s most crucial luxurious tourism markets attracting visitors from about the world. The tendencies we are witnessing are supported by a variety of world developments in luxurious spending.”
ATM – regarded as by market experts as a barometer for the Center East and North Africa tourism sector – welcomed above 39,000 persons to its 2017 party, which includes 2,661 exhibiting corporations, signing organization specials worth far more than $2.5 billion above the four days.
Celebrating its 25th year, ATM 2018 will create on the results of this year’s version, with a host of seminar sessions seeking back again above the very last 25 a long time and how the hospitality market in the MENA region is expected to form up above the following 25.
The party will take spot at Dubai Planet Trade Centre from April 22nd -25th.