Expo 2020 with its theme of 'Connecting Minds, Creating the Future', is all set to be a spectacular event when it gets underway in October 2020. The eyes of the whole word are focused on Dubai, the venue of the prestigious event that will throw open a flood gate of business opportunities, career options and economic deals.
Dubai Expo 2020 will have 192 participating countries that share knowledge, make new business partnerships and promote trade on a common platform. It is expected to attract 25 million visits- 70 per cent of visitors expected to come from outside the UAE. This mega event will undeniably create a lot of business opportunities in all segments especially in hospitality niche in Dubai- one of the top 10 destinations to visit in the world
One of the biggest business events in the region, Expo 2020 will bring in a sizeable crowd of attendees, spectators and office bearers to Dubai from all over the world. New hotels are being built to cater to the surging crowd and ensure world class accommodation facilities to the visitors. It will indeed infuse a fresh dose of vitality to the hotel and hospitality industry in Dubai
Dubai Tourism had announced that its hotel inventory is set to increase by 11% in the coming two years. By the end of 2019, 132,000 rooms are expected to be operational in the Emirates. With the government focusing on the hospitality industry more than ever, the industry is growing at a tremendous pace. Dubai has close to 260 people per restaurant, which means that people have more choices of restaurants unlike in many other cities around the world.
Expos 2020 and its effect on hotel industry
Many renowned hotel groups have unveiled their new hotel development plans just in time for the Expo. Some hotels including Millennium Hotels and Resorts will have over 50 hotels in the Middle East and Africa, growing from 26 properties in 2016, which sums up the upward trend in hospitality industry stirred up by the Dubai Expo
Another trend is the emergence of the fast-growing halal tourism segment, to cater to the Muslim travellers from different countries. Hotels in various budget brackets are coming up to suit the needs of every type of consumer. Hotel owners who traditionally preferred investing in the luxury hotel sector are also turning their attention towards budget hotels to beat the competition and cater to the needs that may arise during the Expo.
Pop-up restaurants and fast casuals are gaining traction and trending in the hospitality industry of Dubai. Another interesting trend is that of independent restaurants and hotels working together to ensure a more diverse experience for the consumers- and the best of both the worlds of dining and accommodation at easy rates.
Mid-Priced Hotels are getting popular as never before. With the rise of tourists belonging to all social classes hotels which are luxurious but not as expensive are trending today. It will give a value added solution to the tourists. The incredible popularity of service apartments, mid-priced 3-4 star hotels and Airbnb’s highlight this trend
Hospitality Industry In Dubai
According to the World Travel and Tourism Council (WTTC), the direct contribution of travel and tourism to the UAE's economy is predicted to rise 4.1 per cent per annum to Dh108.4 billion by 2028. The changing socio-cultural, economic and technological trends have influenced the hospitality industry in the state. The changing life style, globalization and better disposable income among the consumers have all been catalysts for hospitality industry.
The hospitality industry in Dubai has remained on top of the trends in various aspects like using organic products, healthy food, label scrutiny, and environment-friendly food. More homegrown brands are entering the hospitality industry which diners find interesting and unique. Dubai is a mosaic of different cuisines like traditional Middle Eastern, modern cuisine and North African among others. The gourmets can expect a lot of fusion flavors on their platter in the year ahead.
Several theme parks, medical and adventure tourism, shopping fun and employment opportunities are some of the many reasons that drive the hotel crowd and sustain the industry. With a spur in the number of international tourists in the months ahead, hospitality industry is well set to make a giant leap to set a new paradigm.
Key Statistics of the hospitality industry in Dubai
Dubai’s hotel and hospitality sector is poised for a landmark during Expo 2020 and beyond, during which more job openings will be created by the Hospitality and Travel industry in Dubai. Jobs in hotel and hospitality industry are becoming easier to come by. With more rooms being added , there is a heavy demand for all types of personnel right from room boys to reservation staff, help desk assistance, banquet managers, house-keeping jobs and a host of managerial positions – to list a few. So, if you are looking for hospitality jobs in Dubai, Expo 2020 will ensure a better chance to get into this lucrative segment. Just explore the job opportunities in the hospitality segment to land a job of your dreams!