At the end of 2013, the number of hotel rooms was 84,534. Approximately 25,000 more rooms will open, with a large portion of the supply in the three- and four-star segment by early 2017. Construction work on Expo 2020, is likely to start next year, which will be held at DWC. The most important part of the construction is expected to be completed by October 2019.
According to Al Merri, hotel prices up Prices of hotels have gone up in the last two years, however, he said that the market would not continue going up because demand and supply will balance, and hotels are looking to get to the right balance. He added that DTCM won’t regulate pricing of hotels. He added that DTCM won’t regulate pricing of hotels.
The six-month Expo 2020 is expected to draw around 25 million visitors. The Expo’s legacy plan includes a university, museum, an exhibition centre and commercial areas.
Al Merri, said, since March 31, Hotels in Dubai have started charging guests the “tourism dirham”, a new fee announced by DTCM, which, hasn’t impacted visitor numbers.
Al Merri expects hotel occupancy during the summer months to be similar to the rest of the year, in the approaching years, which, according to analysts, stands at over 85 per cent. Meanwhile, Dubai, aims to be the world’s most visited city, which Al Merri thinks is “feasible.”
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