Dubai debt to bring tourism boom

Predicted bargain hotel rates to bring in the tourists early next year

Dubai is one of the locations set to be a tourist favourite next year according to the ‘Travel Trends Report 2010’ published on Tuesday. The report was released by The Association of British Travel Agents (ABTA, which represents over 5,000 travel agencies and around 900 tour operations in the UK.

‘If you are after a bargain, Dubai will be a place to go in 2010. The state-backed Dubai World debt announcement at the end of November, has triggered a price war in hotel room rates to stimulate demand and a currency which is losing its value,’ the report said.

Hotels.com reported that prices for hotels in Dubai were set to drop by up to 17 percent in early 2010 compared to the same period in 2009.

‘Dubai also deserves to be a hotspot in 2010 for the opening of the world’s tallest tower, Burj Dubai, complete with an observation deck on the 124th floor on 4 January 2010,’ the ABTA report added.

For the full version of this story please visit Arabian Business.

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