More major expansion in the Middle East hotel industry will see an estimated US$15 billion invested in up to…
More major expansion in the Middle East hotel industry will see an estimated US$15 billion invested in up to 220 new hotel projects, according to data compiled by event management and marketing specialists, Streamline Marketing.
The UAE leads the way with as many as 67 new hotels planned within the next few years, followed by Egypt with 39, Saudi Arabia 22, Jordan 16, Lebanon 15, and Oman 11. Another nine new hotels each are expected to be built in Bahrain, Kuwait and Morocco, with eight in Syria, five in Qatar, four in Tunisia and three each in Yemen and Libya.
Using sources including TRI Hospitality, which calculates that the number of luxury hotels planned in Dubai alone could rise to 120, the research carried out by Streamline Marketing includes confirmed and unconfirmed projects and highlights the enormous demand in the Middle East for hotel products and services. A huge range of these will be brought together under one roof during The Hotel Show, the region`s leading exhibition for hotel suppliers, taking place at Airport Expo Dubai from May 19-21.
Hotel development is set to continue at a rapid rate across the Middle East, highlighting the belief that the region has a very bright long-term future as a major tourism destination, said Joanne Evans, director of Streamline Marketing, organisers of The Hotel Show.
Suppliers of products and services to the hotel industry are well aware of the lucrative nature of the Middle East market. We expect all records to be broken at this year`s exhibition, in terms of the number of exhibitors, the volume of visiting hotel owners and developers, and in the amount of business done, which should be worth many millions of dollars, she said.
The project expected to have the biggest impact over the tourism industry in the region is Dubai`s US$3 billion Palm development, which alone could add up to 98 hotels with 23,200 rooms to the existing supply. To date, 40 of 49 hotel plots at The Palm Jumeirah have been booked, and investment of $US2 billion is confirmed for three of these projects, while marketing of plots on The Palm Jebel Ali is yet to begin.
Six Continents Hotels, the Middle East`s largest hotel operator, will add five new properties to its portfolio of 63 hotels this year. These include four hotels in Egypt – the InterContinental Heliopolis Cairo, the InterContinental Resort Taba Heights, the InterContinental Resort Soma Bay and the Holiday Inn Heliopolis – as well as the Holiday Inn Doha.
Held under the patronage of H.H. General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Minister of Defence, and Chairman of the Department of Tourism and Commerce Marketing, The Hotel Show creates a one-stop-shop hotel supplies opportunity for hotel owners, operators and developers.
Exhibitors will include a range of manufacturers and suppliers of air conditioning, audio visual, video conferencing and sound systems, bathroom supplies and bed linen, building materials, cutlery and crockery, carpeting and curtains. Also on show will be producers of computer hardware and software, fitness, spa and pool equipment, buses, vans and limousines, landscaping services and dozens of other products and services vital to a hotel`s day-to-day running.
Owned by dmg World Media, a subsidiary of FTSE100 company The Daily Mail & General Trust plc, The Hotel Show is for a second year being staged in conjunction with another dmg World Media event, The Office Exhibition, the two events being run simultaneously in adjacent exhibition halls. Fully supported by the Department of Tourism and Commerce Marketing and the Dubai Chamber of Commerce and Industry, The Hotel Show also has the support of the UK`s Department of Trade and Industry.
Photo: The InterContinental Resort Soma Bay to be opened in late 2003, is one of 220 hotel projects currently under way in the Middle East.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
