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The
Dubai government has committed significant resources to
the continual development of its tourism industry. The
airport expansion plan at Dubai, due to be completed in
2006, is intended to handle substantial expected growth
in passenger numbers. The airport handled 18 million passengers
in 2003, 13% increase over 2002, and despite a US$ 540
million expansion project completed in 2000 which increased
capacity to 22 million annually, further expansion is
now in hand to increase capacity to 60 million by 2010.
The
plan for Dubai’s tourism expansion, entitled Dubai
Vision 2010, is based on 10 million people visiting Dubai
as tourists by 2010. Whilst expansion plans for the airport
are still based upon 60 million passengers by 2020 it
recently became clear that growth rates were exceeding
predictions, so new plans are being drawn up for
further capacity increases so that the airport can
cater for 70 million people a year by 2020.
To
accommodate these arrivals Dubai Department of Tourism
and Commerce Marketing (DTCM) anticipate the need for
70,000 - 80,000 extra hotel rooms by the end of the decade.
Currently, there are around 275 hotels (including 33 five-star
properties) with 25,000 rooms, in addition to 96 hotel
apartments and nearly 7,500 furnished apartments within
Dubai
In
line with the growth in tourism, the retail sector in
Dubai is continuing its rapid expansion, both in terms
of physical size and profitability. Retail International,
a UK-based independent retail consultancy, reported that
throughout the UAE the amount of retail space was increasing
at a fast pace with Dubai leading the way. Within the
next five years, Dubai's share of the Emirate's total
retail space will jump from the current 17% to 34% - indicating
a further 1.5 million square metres in use by 2009. New
investments in retail in Dubai are expected to reach US
$10 billion by 2010.
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