Saturday, May 05, 2007

Al Qasimi to build budget hotel

The Owner of Orient Tours, Shaikh Faisal Bin Khalid Al Qasimi of Sharjah, has declared that he plans to build 380 rooms budget hotel near the Mall of the Emirates in Dubai.

The property, worth Dh.150million, is one among the several other budget hotels planned by Al Qasimi Group in the GCC. Shaikh Faisal mentioned that they are entering into the business of budget hotels with the government’s approval and he expects the hotel to be ready towards end of 2008, though the operator is yet to be finalized.

Faisal mentioned that there is a great demand for budget hotels in the emirate, and with steady growth in inbound tourism, the tour operators are facing shortage of hotel rooms. This shortage of rooms exists in all categories like beach resorts, budget hotels and city hotels. On the other hand, UAE is witnessing tremendous growth in leisure, business and tourism and hence the budget hotels are a must to keep up with the pace of growth.

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