Growth of budget hotels in the Middle East forecast
Middle East tourism is expected to more than double by 2020. Furthermore, the Arab world is still considered a hot spot among investors in the hospitality sector — but growth opportunities are no longer conceivable without considering the budget sector. Experts believe that luxury requires budget and Dubai, renowned for luxurious hotels such as Burj Al Arab, is leading the way. The emirate is beginning to realize that in order to lure more tourists, it needs to diversify its offerings especially in light of the financial downturn.