By Staff writer
Nine upcoming hotel projects in Dubai, Abu Dhabi, with plans to expand further across Middle East
UAE hotel operator Rotana plans to add 1,000 rooms in Dubai by 2020, it has been revealed.
Rotana is ramping up expansion plans for the Middle East, since announcing in February that it was planning nine new hotel projects for Dubai and Abu Dhabi over the next five years.
On Monday, a spokesperson for Rotana confirmed a report in The National saying the company expected to add hundreds of rooms specifically from two properties in Dubai by 2020. It also intends to enter Morocco in 2018 and expand its presence in Iran.
In Dubai, Rotana plans to add a 400-room hotel on Sheikh Zayed Road that will also include a 200-room hotel apartment complex and 400 private residences. A 600-room Wafi Rotana is also planned – both set to open by 2019.
Dubai hotels reported a 3.5 percent decrease in occupancy to 82.5 per cent year-on-year in 2015, according to STR Global. But Omer Kaddouri, the president and chief executive of Rotana, told the newspaper: “Occupancy is down only minimally, and the changes in the daily rates are cyclical and is a sign of the market maturing.
“As long as the government supports the hotel sector by reinvesting in tourism offices [overseas] and airlines, the demand will be there.”
The first of the group’s hotels to open will be a 354-room resort on Saadiyat Island in Abu Dhabi.
Rotana manages a portfolio of over 100 properties throughout the Middle East, Africa, South Asia and Eastern Europe.