Jul 28 2008
Dubai Slashes Rates by Half
In face of a slumping summer season, Dubai Hotels have slashed room rates from 50-60%.
From May-August the number of visitors to Dubai drops drastically as there are very few trade exhibitions and as a result fewer visitors.
The Hospitality Industry is putting together other various packages and incentives to lure holiday travelers to a country where the tourism industry has become an essential part of the economy.
“We now have a larger inventory so this could be one of the causes of lower occupancy. The tourist inflow has to match the buildup of room inventory,” he said, adding that a “correction” in room rates will eventually bring in more visitors.
