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Dubai Hotel Industry - Essay Example

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This paper "Dubai Hotel Industry" focuses on the field which is booming and is actually contributing 10% in government revenues. While still a far cry from oil profits, the hotel industry’s development is set to further accelerate with supply increasing by 10% and demand by 7% annually.  …
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Dubai Hotel Industry
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Jumeirah Group tries to stay ahead by offering unique and innovative services through its STAY DIFFERENTTM theme while Rotana’s GET IT RIGHT dictates that every investment must be managed strategically to ensure success before moving to new projectsTatweer has no particular rallying cry but it is responsible for implementing large-scale projects.Industry issues range from an oversupply of hotels, reliance on government support, one-year entertainer visa extension to three-star hotels and terrorist threats.

However, all these threats and its effects are mitigated by the initiatives employed by the government which ensures that there will be three times more visitors coming to Dubai by 2010.Analysis indicates that Jumeirah, Rotana and Tatweer will still be largely successful in the future. The degree to which they may differ in success is largely subject to speculation. Nonetheless, all of them will still be enjoying remarkable profits.Dubai, also known as Dubayy, is a city on the northeastern coast of the United Arab Emirates (UAE), and the capital of the emirate of Dubai.

The city is divided in half by Dubai Creek, which is actually an inlet of the Persian Gulf. The eastern side of the creek, the traditional city centre, is called Deira (or Dayrah), and the western side is referred to simply as Dubai. Dubai is the chief port and commercial centre of the UAE, and the principal shipping, trading, and communications hub of the Persian Gulf region. Port Rashid, a large artificial port, lies within Dubai on the western side of the creek, and Jebel Ali, the largest artificial port in the world, is located 37 km (23 mi) down the coast to the southwest.

Sometimes referred to as “the Venice of the Gulf,” Dubai is a bustling, cosmopolitan city and a popular tourist destination with a wide selection of upscale shops. In the famous Gold Souk, in Deira, more than 200 shops sell gold jewellery and bullion. Extravagantly designed luxury hotels, some built on artificial islets, line the city’s shore. Dubai hosts an annual high-stakes horse race and major tennis and golf tournaments.   

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