Hotels to spend US $37 billion on interior fit-outs by 2010

While the Arabian Gulf construction boom may be reaching a peak, the world’s major suppliers of furniture, fixtures and fittings to hotels and resorts are descending on Dubai in pursuit of multi-billion dollar contracts, according to industry experts.

“They are chasing contracts worth a cumulative total across the region in excess of US $37 billion for fit-outs between now and 2010,” said Maggie Moore, director of The Hotel Show.

“The peak in construction projects across the Gulf Co-operation Council (GCC) countries comes at the end of an aggressively steep three-year climb. But as the initial construction phase slows down, budgets for the interior fitting out of hotels and resorts kick in and are set to increase tenfold across the region by 2010,” she added.

Database analysis by The Hotel Show research partner Proleads shows that, led by development in the UAE, spending across the GCC on hotel and resort fit-outs, including furniture and fixtures, electrical, kitchen and laundry equipment, sanitary and light fittings and garbage disposal systems, is on track to hit a cumulative total in excess of US $37 billion between now through to 2010.

“The massive increase is led by the UAE where spending on hotel fit-outs is set to hit US $2 billion this year, much of which is in Dubai. But even this figure will rise steeply in 2009 to US $12 billion and US $17 billion by 2010 – a cumulative total of US $31 billion - as more projects near completion,” said Moore.

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