The Advent of More Hospitality Companies in Dubaiby Rehan Shaikh Business Consultant
When you talk of hospitality companies in Dubai, there has been a major explosion over the last years in terms of the top global brands coming to the UAE. The primary reason behind this has been the growth of the UAE as one of the world’s biggest travel and leisure destinations. Tourist footfalls are growing year upon year and the with the 2020 Expo looming in sight, the Emirates is going through a makeover unlike any other! This has led to a shot in the arm for the hospitality sector with several new hotels coming up, biggies expanding their inventory, new restaurants and lounges dotting Dubai and most importantly, renewed interest of several investors and market players with regard to setting up hospitality brands in the UAE.
There has been a marked increase in the number of hospitality companies in Dubai due to the boom here in terms of tourism. Global tourist arrivals are estimated to have increased by approximately 12.4% from 2010 to 2015 and that’s just the tip of the iceberg. In this period, tourist numbers grew to 17 million tourists annually from 9.5 million tourists in 2010. This CAGR (compound annual growth rate) is definitely indicative of the growing interest in the Emirate. Spending on travel and tourism in Dubai has also gone up hugely as per several studies and reports. All these developments augur well for the hospitality sector here. The Expo, in particular is poised to give a major fillip to sales of restaurants and other hospitality chains. This is why several brands are now looking to invest in the UAE hospitality market.
If you are looking to join the ranks of esteemed hospitality companies in Dubai, you should contact Ribbon Consulting, one of the foremost consultants in this field. They will give you advice on the feasibility of setting up a business, the right location and other real estate aspects, the core concept designing, menu development, supply chain and restaurant management, operations and lots more. Ribbon Consulting has worked for premier hospitality projects in Dubai and possesses ample expertise in this sector.
Created on Dec 19th 2017 02:05. Viewed 465 times.