Tuesday 1 May 2012

Dubai tourism actually two years behind its original visitor targets « ArabianMoney

Dubai tourism officials said that visitor numbers are set to reach 10 million this year compared with seven million five years ago. It’s an achievement but two years behind the original target of 10 million by 2010. It also looks highly unlikely that another early target of 15 million visitors by 2015 will be reached.

What intervened to slow things down of course was the global financial crisis of 2008-9 and its impact on Dubai building programs that came to a grinding halt with the local real estate crash. Symbolic of the crash was the old Oasis Beach Hotel on the Jumeirah strip.

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