Dubai`s Hospitality Sector: Situation and Prospects for the Hotel Investor
on March 9, 2017 with No Comments
Since mid-2014, hoteliers in Dubai have been going through tough times. The completion of substantial new hotel room stock came in baleful synchrony with the oil price crash, the Rubel depreciation and Dollar appreciation. All this weighed heavily on the tourism demand from Dubai`s most significant source markets, thereby substantially decimating the hotelier`s revenue figures.