12.15pm Finally Expo 2020 comes up. Thompson sees it as icing on the cake and a milestone along the way; David Brown sees opportunities during the six months of the Expo itself.
12:05pm Discussion moves on to importance of F&B. InterContinental Dubai Marina is expecting half its revenues to come from F&B and will need business from the market, not just hotel residents.
12:00pm No doubt in David Thomson's mind about need for more three and four star hotels. Says it is absolutely necessary to maintain Dubai as a viable market and to get tourism on the level that the emirate is aiming for.
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11.55am Arora's SKAI Holdings developing the Viceroy Palm Jumeirah resort in Dubai, and he hopes it will be ready by Q2 2016. However, with need for diversification, company is also developing a 400 room 4-star hotel in Jumeirah Village Circle and is still searching for an operator.
11:50am Martin confirms that the InterContinental Dubai Marina is expected to open early next year. He sees three or four hotels in the Marina that he will be looking to compete against. He says that it is important that his competitive set takes a "holistic view" of what drives the market.
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