Essential: The Suitable Property
Indispensable: The Suitable Short-Term Service Provider
Dubai`s Tourism Market: Today and Tomorrow
It is a fact that Dubai`s hotel room inventory is seeing a substantial increase at present. However, the majority of stock in the hotel construction pipeline will target the segments below the 5-star standard in subprime locations.
Therefore, short-term apartments in suitable top locations will see very limited downward pressure from the new hotel room inventory, while the 5-star hotels within the above-mentioned prime areas are – due to their cost structure – naturally restricted in implementing aggressive pricing strategies.