A research firm for the leisure industry reported that occupancy rates in the Gulf region will return to previous levels by 2010, and significant growth will follow by 2013. The research house Pro Leads released their report at The Hotel Show, a hospitality services trade show being held in Dubai.
There are currently 300 new hotels under construction in the Gulf region valued at more than Dh 514 billion ($140 billion), but the Pro Leads study concludes “Given projected increases in demand from 2013 onwards, more hotels will be required if relatively high occupancy rates are to be maintained.”
