Chief executive of Hilton Worldwide said Dubai can handle more hotels even though demand has declined and more hotels will open soon. The hotel operator is moving forward with aggressive expansion plans in the Middle East, and will open at least 3,264 more rooms over the next three years. Yesterday Hilton Worldwide opened its third hotel in Ras al Khaimah, and its third Garden Inn hotel in the region in Riyadh.
Chief executive and president of Hilton Worldwide acknowledged that hotel demand in Dubai and other parts of the Middle East have been impacted by the economic slowdown. However, Christopher J. Nassetta explained the company is in this business for the long term. “We’ve been around 90 years, and we intend to stay around a long time.” He said “When I think about Dubai, I’m thinking about Dubai in the context of the next 10 or 20 years, not the next two or three years.”