STR Hotel News Now

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. Staving off the downturn will present a challenge particularly with Europeans, who make up 40 percent of the visitors to the Emirate, when many other Middle Eastern destinations—including Egypt and Turkey—are not feeling the consequences of the strengthening dollar.

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