Dubai’s hospitality industry has been one of the most lucrative and fastest growing in the world over the last decade. As a matter of fact, it is projected to grow even larger, with more than 25,000 rooms set to join the market by the year 2020. If you want to go with the rushing tide that is Dubai’s booming hospitality industry, now is a great time to jump in the market.
Dubai is certainly one of the world’s most sought-after business and tour destinations. Not only does the country have booming industries, it also offers exceptional tourism potential, being a shopper’s have, a hub for cultural dynamism, and a great adventure destination offering countless possibilities for visitors. Dubai also has such a world class and widely recognized hotel industry, which, with its exponential growth (rooms have recently gone past the proverbial 100,000 mark—a real milestone for any hospitality sector), is truly poised for greater things.
Nothing but positive growth await hospitality companies in Dubai as the country now averages at least 15M overnight visitors each year. All in all, Dubai’s hospitality and travel industry supports thousands of jobs (up to 400,000), which makes the sector truly one of the highest performing trades in the Dubai economy. On top of these huge milestones, the country is also making strides when it comes to medical tourism as well as the development of many other interesting attractions that serve as catalysts that are helping sustain and usher in greater growth for the industry. These include several theme parks that are currently in the works, which are attracting even more international tourists toward the country. These recent developments in Dubai’s hospitality industry are placing the country in a leading position among top global destinations where hotel room availability is never a problem.