At the moment the whole world is observing the Middle East and the international hotel market is putting its stakes on Dubai as a booming metropolis. But what will the country look like in ten years time?
“The background factors for the development of this destination are quite well known and easy to understand. However, sooner or later all spectacular things have a tendency to fade. From my point of view, Dubai is playing a dangerous game because normality has almost become impossible there and everybody is expecting one sensation after the other. The question is how long it will be possible to keep up the present speed and what will happen when there are less and less sensational things to report about. In addition to this, I can imagine that Dubai sees itself confronted with the same problems as every other seasonal destination does, that is with unbalanced occupancy rates in hotels and price reductions during the hot summer months. It remains to be seen whether – similar to other cities - business travel will be able to even out the possible sagging interest on the part of sensation tourists as well as the dent in demand during the summer months. Ultimately, I believe it is much more important to develop the urban infrastructure and an economy that is geared to the rest of the world than to develop even more artificial islands.”
About Feuring – Visionary Hotel Development | Feuring was founded in Mainz in 1959. Feuring accompanies its customers right from the idea, the market analysis and the concept over the procurement of a suitable operator and the arrangement of appropriate contracts, setting up a steering committee for the project and fitting and furnishing the hotel up to its turn-key handover and the subsequent investment control. Up till now, Feuring has supported investors and hotel chains in the successful development of more than 400 first class and luxury hotels at home and abroad. The financial volume of current projects amounts to around one billion Euros.
