EAHQ Issue 1, January 2015

Page 1

Issue 1 - January 2015

The Emirates Academy Hospitality Quarterly

Welcome Message from The Dean

In This Issue Welcome message from the Dean Growth of the Lifestyle Hotel in Dubai Mega Project Announcements In Focus: Tourism and Hospitality Growth in the UAE Economic Outlook Theme Park Expansion in Dubai In Bound Markets: Russian Downturn Millennial Trends Consumer Trends in 2015

Welcome to this ďŹ rst edi on of the Emirates Academy Hospitality Quarterly. The publica on is intended to provide a quarterly snapshot of research, trends and sta s cs poten ally impac ng on the hospitality industry in Dubai and the wider GCC. Through the provision of regular updates we intend to inform decision makers in industry, academics and students about key trends and contemporary developments in the region. This ďŹ rst edi on has a special focus on lifestyle hotels and theme Dr Stuart Jauncey, Dean EAHM parks, two areas of development that will have a profound impact on the nature and scale of regional tourism. The Emirates Academy of Hospitality Management is the leading regional provider of interna onally accredited Business Educa on with a clear focus on the Hospitality Industry. Formed in 2001 we now have graduates working in senior posi ons across the global industry and we have developed signiďŹ cant research capacity through our highly qualiďŹ ed faculty. For further informa on about our university do look at our website or contact me directly by e-mail: stuart.jauncey@emiratesacademy.edu Growth of The Lifestyle Hotel in Dubai, with its established reputa on for Dubai luxury, already has a number of hotels in Lifestyle brands have become a global the lifestyle category with the likes of phenomenon with many of the major Armani, Alo: and Vida and it can be hotel chains all inves ng in developing expected that in amongst the 44 new their brand por2olios to create new brands entering Dubai between now and concepts aimed at the increasingly 2020 that several of these will be lifestyle oriented. New players in 2015 include W by Starwood, Versace and Manzil by Emaar, with Bulgari and the recently announced Venu by Jumeirah in the pipeline. However, as the compe on increases and the hotel industry diversiďŹ es on the run up to EXPO2020 the Source: www.openbuildings.com crea on of a lifestyle brand may not discerning and experience driven mean that a hotel will automa cally consumer. Most recently Hilton has a6ract customers. Hotels in the region launched ‘Canopy’ , Hya6 has ‘Andaz’, will need to focus on combining unique IHG has launched ‘EVEN’ and Marrio6 has hotel proper es with well trained and ‘Edi on’. These lifestyle brands aim to conscien ous sta if they are to create a enhance the guest stay via the provision truly individualis c and unique experience of items such as healthier menus, that will keep the customer coming back. environmentally friendly alterna ves and the promise of a unique hotel experience.


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