DUBAI: Dubai hotel revenues are expected to reach Dh40 billion ($10.8 billion) in the next three years, said H Holding enterprise, a renowned investment group in the UAE. According to the group, the UAE hospitality market has registered positive growth in the first half of 2016 ans will continue to do so as the number of tourists is set to double by 2020.
“The hospitality sector is a fundamental pillar in the growth and development of the national economy of the UAE. As the country is one of the safest destinations worldwide for tourists, businessmen and foreign investors, we think that the sector will register further growth in the second half of the year,” said Hafeez Abdullah, chairman of the ‘The H Holding Enterprise’. According to H Holding Enterprise, there are many hotels pipelined to open in the coming year, which will further increase competition for the better of tourists flying in to the UAE.
