How realistic is the new target of 20 million visitors for Dubai by 2020?
Just in advance of the Arabian Travel Market week in Dubai this week, the Ruler Sheikh Mohammed bin Rashid Al Maktoum has thrown down a challenge to double the present number of visitors to the city to 20 million by 2020. Is this any more realistic than the target to achieve 15 million by 2015 set five years ago?
To be sure 10 million visitors last year was a huge leap on six million in 2006, almost double in fact. Perhaps then to double again in a similar period is not so unrealistic.
Delegates sitting down at the Arabian Hotel Investment Conference today in the Madinat Jumeriah will be mulling over Dubai?s ambitions and whether to back them. To reach its goal Dubai would need to double the number of hotel rooms to around 160,000, up from 599 hotels with 80,500 rooms now.
Earlier targets fell short not because of a lack of capacity at the airport or airline ? both have outperformed the growth in visitors to the emirate. It was always a lack of hotels that left the visitor target shortfalls, though high demand has given Dubai some of the highest global figures for hotel occupancy and revenues, the envy of the business globally.
For hotel operators having room supply lag somewhat behind demand can be very profitable. Not that Dubai is slow to roll out new hotels. This year there is a bumper crop of new five-star palaces led by the world?s tallest, the Marriott Marquis.
Going forward there is a massive pipeline of new mega hotels to come. The huge new Softels on the Palm and in Downtown Dubai, Mr. Al Habtoor?s four new hotels, the Hilton Conrad, and as ArabianMoney revealed last week, probably the first Langham in the UAE.
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Source: Unknown (2013). How realistic is the new target of 20 million visitors for Dubai by 2020? arabian money?http://www.arabianmoney.net/destinations-hotels/2013/05/05/how-realistic-is-the-new-target-of-20-million-visitors-for-dubai-by-2020/? published May 05, 2013. Viewed May 06, 2013,