Surviving the downtown: the hoteliers’ view
“Real analysis of the situation has been challenging”
Jeff Strachan, Marriott
“Continuing supply of high end hotels will hurt the destination”
Sami Al-Ansari, Ishraq
“One catalyst would be to move Dubailand to The Palm Jebel Ali”
Michael Scully, Seven Tides
“Hotel investors are now less dependent on the operator”
Michel Noblet, Hospitality Management Holdings
“Investors have to be extremely selective about projects”
Joe Sita, IFA Hotels
“Business travellers are willing to accept a ‘no frills’ hotel experience”
Michael Weyland, Citymax
“The days of revenue first and costs second have gone”
Daniel Hajjar, Layia Hospitality
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“Dubai hotels’ kneejerk reaction to the situation was not helpful”
Tony Williams, Emirates Hotels
“We will have to be more creative in our approach”
Guy Epsom, Movenpick
“India really exceeded expectations in 2009”
Brett Armitage, Atlantis The Palm
“New supply will have the biggest effect in 2011”
Philip Barnes, Fairmont
“The priority now is to focus on growing the top line”
Guido de Wilde, Starwood
DUBAI HOTEL INDUSTRY FACTS AND FIGURES
Average performance 2009:
RevPar $i63.31, down 31.4% on 2008
ADR $235.48, down 23.7% on 2008
Occupancy 69%, down 10% on 2008
Aviation traffic at Dubai International Airport:
Passenger numbers up 9.2% during 2009, reaching 40.9 million,
In February 2010, traffic grew 22.6%
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