Occupancy rates in Dubai's hotels are likely to drop in 2008 and pricing will become more competitive as more hotel rooms, especially four and five-star, come onto the market, according to property consultant Colliers International. In its fourth quarter 2007 review of Dubai's hospitality sector, it states: "Despite Dubai being the de facto choice for GCC tourists and an increasing number of Western travellers, the sheer volume of new hotel supply is reason to believe that hotel operators will become increasingly competitive."

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