Dubai is well-known for its world class hotels to welcome and accommodate visitors from all around the world. You name a five star hotel and you will find their chain in Dubai. Dubai has adopted the policy that tempts hotel industry giants to invest in top class hotels to meet the requirements of high end customers who visit the Emirate. This is the reason why they are making massive investments in luxurious hotels in Dubai.
Dubai has the highest volume of visitors in the region and this highlights the importance of the hotel industry in the market. Dubai international airport is one of the busiest airports in the world and the Emirate is striving to take it on the top of the list as the busiest airport of the world. Moreover, being one of the hottest tourist destinations in the Middle East, it is welcoming more and more visitors every year. All these factors signify the importance and opportunities that Dubai has in this industry.
The fact of the matter is that having all these top of the range hotels in hand, Dubai still has a lot of potential when it comes to 3 or 4 star hotels. You will be surprised to know that the total number of 3 and 4 star operational hotels is less than 100. On the other hand, this is good news for the investors in this industry. A few existing players of the industry have already sensed this issue and have announced the initiation of a considerable number of hotels that will entertain low-end customers.
Policy makers of Dubai have repeatedly expressed the notion that they want to convert Dubai into the world’s top travel destination. For this, it is crucial that they make policies that promote investment in mid-range hotels in Dubai. It becomes more important due to the fact that the travel industry throughout the world is focusing on mid and low range customers these days. That is why we come across a number of travel related deals and discounts that are pushing the low-end potential customers to spend in the industry. The same factor is increasing mid and low range clientele day by day, which is converting into the rise in demand for 3 and 4 star hotels throughout the globe and especially in Dubai. On the whole, Dubai is one of the best places for investors who are looking for opportunities in this segment.