Author : Shuchita Bist
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Gerald Lawless, Executive Chairman, Jumeirah Group |
According to Gerald Lawless, Executive Chairman, Jumeirah Group, the completion of several of Dubai's hospitality real estate projects in a disciplined manner has brought forth the much-needed increase in room inventory and rate that bodes well for the future of the emirate's hospitality sector.
Lawless said, "Dubai has interwoven its residential projects with sector-specific master plans such as Dubailand, Sports City and a wide variety of commercial cities. It has shown how to successfully pull visitors from all sectors, including commerce, family tourism, meetings, events and exhibitions".
Dubai currently has lead global hotel statistics with an average room rate of $283 in 2007. Lawless does not anticipate any fall-out in rates as hotel room stock increases across the region. The demand for hotel accommodation is healthy and not reliant upon one customer stream.
Source : Press Release
