Average hotel room rates will rise despite the opening of new hotels in the UAE capital, Millennium & Copthorne Hotels Middle East & Africa CEO Ali Alzaabi is reported as saying this morning by the Abu Dhabi daily The National.
“The hotels sector is preparing for the upcoming expansion of Abu Dhabi and you will see an upswing in the average room rates in the next two to three years,” The National quotes Alzaabi as saying.
The 677-room Millennium Bab Al Qasr is due to open before June. It is located on the Abu Dhabi Corniche.
PwC forecasts that lmost 5,000 hotel roomes are due to enter the Abu Dhabi market in 2014 and 2015.
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