"Despite facing challenging market conditions, Dubai's hospitality sector remains among the top performers in the Middle East, underpinned by the emirate's positioning as a regional commerce hub and the development of world class demand generators," said Ali Manzoor, associate partner, head of Hospitality at Knight Frank. Additional materials and articles: Dubai expects to see not only sustained growth in inventory in line with the projected demand for occupied nights, but also further diversification across various asset classifications. "An exponential growth in Dubai's world class tourist attractions including Dubai Safari, a host of new theme parks and resorts will remain irresistible for holidaymakers and visitors on the back of the city's excellent air connectivity, superb amenities and infrastructure," said Hassan, whose Flora group has already launched a Dh1 billion expansion drive. Thus the average annual growth of the hospitality industry is about 10%. Paris is the next highest with 17.6 keys per 1,000 people, Knight Frank said in its Hub Report. And it is the Emirate of Dubai, that became a pioneer in the hospitality industry development and improvement. About thirty years ago on the territory of the United Arab Emirates several modern hotel complexes were built, and that was the beginning. Wait-and-see for Pakistani rupee: Will it touch 40 vs dirham? "We remain optimistic about the future outlook of the sector, and envisage that the market will once again stabilise once the rate correction has run its course," said Manzoor. The sector's direct contribution to GDP has increased by 138 per cent in the 10 years to 2017 with employment in the sector growing by 119 per cent over the same period. Perhaps one of the most challenging and fastest growing industries in Dubai is the hospitality industry. Read all. Among the obvious examples and the opportunities used, it's necessary to highlight a few key points: This approach and painstaking work of the various experts provide national economy with the tangible financial results. These are thematic exhibitions and conferences, sports competitions and festivals, forums and seminars in a variety of industries. All you need to do is fill in and send the form, and our manager will call you back at the phone number provided by you. Sheikh Ahmed welcomes UK's decision to remove the need for travellers ... READ MORE, Those travelling to the UK from the UAE from Saturday will no longer... READ MORE, Company maintains strong performance despite challenging environment READ MORE, Nine-month sales at Dh1.6B; balance sheet remains strong READ MORE, More than 16.2 million Covid-19 tests have been carried out in the... READ MORE, A total of144 floors were demolished in 10 seconds through controlled ... READ MORE, The demolition enters Guinness Book of Records as tallest building to ... READ MORE, Trump said the vaccine would initially be send to front-line workers, ... READ MORE, UAE National Day: 50% traffic fine discount in Umm Al Quwain, Holiday turns tragic in UAE as father, daughter drown off beach, UAE-Israel ties: First scheduled passenger flight to Tel Aviv takes off from Dubai, Video: How Abu Dhabi's Meena Plaza Towers was brought down, Meena Plaza demolition: Iconic Abu Dhabi towers brought down in 10 seconds, 8-year-old 'hangs herself' after mother refuses to take her to wedding, Coronavirus: UAE reports 1,305 Covid-19 cases, 826 recoveries, 1 death, UAE National Day: 50% traffic fine discount in Sharjah, India restricts international flights till Dec 31, only select flights allowed: DGCA. Our manager will contact you as soon as possible and advise you. Most of the top Hospitality companies like Hilton in Dubai are household names in the global hotel industry. It is worth noting that these are both well-known international hotel chains and local brands.
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