High hotel costs are hurting event business



ABU DHABI // The UAE is losing business travellers because the cost of hotels is too high, according to professionals who plan conferences and meetings. "If prices are the determining factor for meetings planners, I don't think there is any doubt that a place with some of the highest prices in the world is deterring business," said Paul Kennedy, the exhibition director of GIBTM, the Gulf Incentive, Business Travel and Meetings Exhibition, which is being held in the capital this week.

Although prices have been lowered in Dubai, which has been affected by both the global financial downturn and the opening of new hotels, in Abu Dhabi both occupancy rates and prices are high. The Abu Dhabi Tourism Authority has acknowledged the need to increase the number of hotel rooms if it is to become a major centre of business travel. There are expected to be 25,000 hotel rooms in the capital by 2012, up from about 13,000 today.

Manish Nimkar, the UAE commercial manager at BCD Travel, a company that arranges events, meetings and incentive travel for corporations, said the country's hotel prices were out of line with normal global rates. One travel agent who declined to be named said companies from the UK and Europe were no longer booking events in the UAE. Instead, he said, they were choosing cheaper locations in Cyprus or Asia.

"You used to be able to pick up a brochure and find several nights in a hotel on the beach for a few hundred dollars," the agent said. "Now, you just can't find that." The demand for rooms has been further exacerbated in the capital by workers who are living in hotel apartments because rental properties are so expensive and difficult to find. Mr Nimkar said: "In Abu Dhabi they have been bringing a lot of people in to work on projects like the Louvre and Saaidiyat Island, for example. They all need hotels and hotel apartments, which is part of the reason why rates are high. There are more long-stay guests."

Mr Kennedy said some delegates were staying in Dubai during the conference because rates were more affordable there. For their part, hoteliers said prices were dictated by the market. "The rates are a result of supply and demand," said Moritz Klein, the general manager of the Beach Rotana hotel in Abu Dhabi. High prices may have been normal last year, he said, but as more hotels open, the rates will start to normalise.

Mohammed Fouad, the group director of sales and marketing at Al Diar Hotels, added: "The entire country is going through a tremendous growth. In Dubai, you've seen hotels catch up to that, but in Abu Dhabi we are still getting all the business. The demand is there." jgerson@thenational.ae

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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Countdown to Zero exhibition will show how disease can be beaten

Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a  month before Reaching the Last Mile.

Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.

 

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

A timeline of the Historical Dictionary of the Arabic Language
  • 2018: Formal work begins
  • November 2021: First 17 volumes launched 
  • November 2022: Additional 19 volumes released
  • October 2023: Another 31 volumes released
  • November 2024: All 127 volumes completed
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HEADLINE HERE
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

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Business Insights
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The story of Edge

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, established Edge in 2019.

It brought together 25 state-owned and independent companies specialising in weapons systems, cyber protection and electronic warfare.

Edge has an annual revenue of $5 billion and employs more than 12,000 people.

Some of the companies include Nimr, a maker of armoured vehicles, Caracal, which manufactures guns and ammunitions company, Lahab

 

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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While you're here
UAE%20PREMIERSHIP
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WHAT ARE NFTs?

     

 

    

 

   

 

Non-fungible tokens (NFTs) are tokens that represent ownership of unique items. They allow the tokenisation of things such as art, collectibles and even real estate.

 

An NFT can have only one official owner at one time. And since they're minted and secured on the Ethereum blockchain, no one can modify the record of ownership, not even copy-paste it into a new one.

 

This means NFTs are not interchangeable and cannot be exchanged with other items. In contrast, fungible items, such as fiat currencies, can be exchanged because their value defines them rather than their unique properties.

 
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