While worse news is digested daily by Western hospitality companies and hotel franchises, eyes have turned towards the Middle East for a glimmer of hope and a rosier picture.

Dubai, the capital of hotel management companies in the Middle East, continues to astound with their unprecedented success story and growing market share. Hoteliers have long been fleeing to set up shop in Dubai, where they enjoy tax-free salaries, a superior quality of life and the plentitude of career opportunities.

While overall salaries for VPs of development and other high ranking officers in Hotel companies are equal to or less than their counterparts across the world, there are quite a few hidden perks. 

First, they keep the 40% that would otherwise be eaten by taxes. Second, they usually have housing provided as they are working there as expats. Putting the numbers together, a position today in Dubai is, in all ways, quite a good deal.

It remains to be seen how much the current crisis will work its way into the Middle East market, but for now they seem quite prepared to weather this financial nightmare.

Source

Trackback URI | Comments RSS