Investment

Dubai hotel industry benefits from Middle East unrest

3 Jul, 2012
 


Dubai's hotel and real-estate industry may have fallen off a cliff after the 2008 recession, but it has quickly climbed back up on the back of tourists flooding the Emirate, which is being seen as an "an oasis of calm in a tumultuous region," writes The Wall Street Journal. The city's hotel developers and investors are benefiting because other traditional holiday locations in the Middle East—like Egypt, Tunisia and Bahrain—are battling, or recovering from, political and civil unrest, The Journal writes. New guest arrivals rose to 2.6 million in the first quarter. To meet this demand, about 5,000 new guest rooms will be completed in Dubai during 2012.

Topic : Dubai, Hotel Boom
External Source : The Wall Street Journal

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