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Dubai showcasing Techs
 
19 Oct. 2008 After real estate and property show Cityscape, Dubai Hotels are busy hosting participants of GITEX -one of the top three International trade exhibitions. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of UAE and ruler of Dubai inaugurated GITEX TECHNOLOGY WEEK lasting until 23 October 2008 at Dubai International Convention and Exhibition Centre (DICEC) GITEX is expecting the participation of 83 countries, over 130,000 visitors and 3,300 companies. Visitors are eagerly waiting to experience the latest products and solutions at first-hand from the giant brands of the ICT industry. One of the key themes of this exhibition will be utilising novel technologies to create a global economic balance and ponder the degenerating global economy. Hotels in Dubai were expecting a melt in its high profit run until these two recent exhibitions which has given an air of hope in the forthcoming drop down in business. Figures indicate that number of tourists and businessmen from Europe and US visiting Dubai had diminished with the global markets going down. Positive signs from Middle East markets and exhibitions like these has escalated the number of these short visits which otherwise would have never happened. Trade shows, exhibitions and sporting events taking part in this part of the world largely supports the hospitality industry of the region. This year, the authorities are also emphasising on the use of new Park and Ride service, the shuttle bus services up and down GITEX. The amount of shuttle buses from main points such as hotels, malls, City Centre and DIC has been doubled to ensure that reluctance in visiting the event due to the high tide traffic congestions can be cut down. The occupancy rate was low during the Ramadan period and the global recession was worrying but with these events on run the occupancy rates has climbed up and is expected to increase further until the end of this year.
 
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