Market Report: Dubai, UAE | hotelnewsnow.com

Dubai’s exponential hospitality growth may start to plateau as the United Arab Emirate begins feeling the effects of the global economic downturn. Despite RevPAR growth of 3.0 percent November year-to-date 2008 from STR Global, a December Deloitte prediction emphasized that weakening pound and euro currencies will likely have a dramatic impact on travel to the Gulf capital.