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Towering Dubai adds More Luxury Hotels
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Industry Experts comment that in the near future or to be more precise within a time period of 5 years nearly 42,000 rooms will be supplemented to the first class and luxury hotel market of Dubai. Figures reveal that frontrunner hotels breed up to 21 percent which is comparatively a note of pride to the region. A study conducted by tophotelprojects.com(R), the no: of 1st Class and luxury hotels worldwide is increasing by 7.1 percent (that means more than 2,570 hotels and resorts). Atlantis resort to be opened by the end of September launches a fleet of 1,529 rooms.
Real estate investors are willing to pump funds for new hotel and resort projects, eyeing the growth of tourism industry in the region. The number of luxury hotels will increase by 42 percent, the number of first class hotels will rise by ten percent.
Rolf W. Schmidt, Vice President Marketing and Sales EMEA of CHD Expert Group, says, "For several years we monitor more and more new large hotel projects in nearly all important business and leisure destinations." Tophotelprojects.com(R). is an online data base of CHD Expert Group and presents the entire significant records and important personal contact on nearly 3,000 first class and luxury hotel projects worldwide.
There will be an increase in the number of luxury hotels by 16% outweighing the number of first class hotels which will only rise by 4 percent. North America, the Caribbean and Asia/Pacific region will see figures of top hotels grow by 13 percent, while in Europe posh hotels will increase only by 4 percent as the market already experiences a high level of saturation.
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