Abu Dhabi – Leisure Hospitality to Outpace Business in 2016
Abu Dhabi, the capital of the UAE is a prominent estate among the other Gulf estates for its cultural and constancy of milieu. The extravagance leisure generosity could give the pace to the visitors of business and pick up the relaxed experience of these expats in Abu Dhabi, the UAE. Abu Dhabi has launched the Yas World Island to the world and welcomes more than million of people from the rest of the world. Due to the diverse Yas Water World tour packages, people come there to visit the Yas Mall and the water themed park with family members and friends. Recently, Aldar has announced that since the opening of Yas Mall in November 2014, it has welcomed over 20 million people all across the world.
By the end of 2015, he further explained while delivering the statement that there are around 96% of occupants who have traded during this duration and it is being expected more in the upcoming years.
In Abu Dhabi, the shopping malls encompass all the compliments and the experience of many other dining outlets all over the Yas Island which boost up these iconic places as Yas Marina Circuit, Ferrari World Abu Dhabi, Yas Waterworld, seven hotels and Yas Links. The tourists although move Dubai to see the attractions and adventurous destinations including Burj Al Khalifa, Wild theme park, Ski Dubai, Desert Safari in Dubai.
It provides various opportunities to customers after the decreasing the prices of oil which is the outcome of such impacts. According to the careful report by the consultancy firm Knight Frank, “impact on visitation in the capital, with many hotel operators indicating that there was a softening of corporate demand particularly in terms of oil and government related visitation. With oil prices forecast to fall further in 2016, this trend is likely to continue — however this is anticipated to be counterbalanced to some degree by increasing leisure demand.”
The reports added, “While Abu Dhabi has historically been driven by corporate and MICE visitation, leisure tourism has seen a boost over the past few years supported by the development of leisure demand generators, including Saadiyat Island, Yas Waterworld, Yas Mall, and the Du Arena. This trend is expected to continue as future demand generators such as the upcoming Cultural District are completed.”
There are also many ventures by the firms to develop the serviced areas and luxury segments. It further stated, “Opportunities for further hotel development still exist in the capital—however they are not necessarily in the luxury segment but rather in the development of midscale HOTELS AND internationally branded serviced apartments. These two asset classes are underrepresented in the market to date, and may be a safer bet than further iconic flagship developments in the years to come.”
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