Tourism industry in Dubai

Vacation ownership has been one of the fastest growing sectors in the tourism industry. Dubai has great potential for vacation ownership. Over the past decade Dubai has experienced tremendous growth in its economy. There are several spectacular projects carried out in the real estate and hospitality sector. Dubai boasts many of the world’s iconic projects and is the fastest growing city in the world.

Currently, Florida in the US is the most lucrative market for vacation ownership. Dubai’s hotel sector is growing in such a way that the city will overtake Florida in the vacation ownership market in the near future.

Dubai expects 15 million visitors by the year 2010. The city is gearing up with infrastructure development to cope with this rapid growth in tourism. Dubai is developing its new airport, which will be the largest airport in the world upon completion. Dubai International Airport experienced rapid growth in the number of passing passengers.

Being a hub for the Middle East with easy connections to Europe, the Far East, India and Africa, Dubai has great market potential. Dubai has beautiful beaches, climate, a friendly and safe environment, and of course many attractions and entertainment like Dubailand. Dubai is attractive to both tourists and villa entrepreneurs.

Most of the international hotel brands involved in vacation ownership development have shown great interest in developing hotel projects in Dubai. There are different accommodation options, such as villas, furnished apartments, etc. are establishing themselves by focusing on the growing Dubai hotel market. The number of tour operators and travel agents is increasing day by day.