By Sarah Algethami, Staff Reporter www.gulfnews.com
Dubai: Dubai World Central (DWC), the area that will have the infrastructure for Expo 2020, is attracting players in the hospitality industry.
Dubai’s Department of Tourism and Commerce Marketing (DTCM) expects 25 million visitors at Expo 2020, a global exhibition that is likely to boost sentiment and confidence of the UAE’s economy in the short term.
Major hotel chains, including Jumeirah Group, Accor and Rotana, are considering opening hotels in DWC and the area around it.
“There is high level of interest for all hotel operators, including three-, four- and five-star brands, wanting to expand in the area in and around DWC and Al Maktoum International Airport,” Christopher Hewett, senior consultant at TRI Hospitality Consulting, said.
He pointed out that there will likely be a large increase in supply for three and four star hotels in the area as a result of the government’s recent initiatives for incentivising the development of properties in this segment, including a ten per cent municipality fee waiver, which was announced in September.
More recently, the government announced the allocation of government land for the development of three- and four-star hotels, no fees on changing the usage of land to hotel usage and the establishment of a committee to review re-zoning of plots. More info