The construction firm behind the MGM Cotai casino resort in Macau has been awarded the contract to build “The Island” in Dubai. First reported by MEED, the $1.2 billion contract is the most valuable construction deal in Dubai in the past six years.
15.11.2023 - 15:41 / skift.com / Josh Corder
Dubai-born hospitality brand Rove Hotels is ready to start expanding overseas. A joint venture between Burj Khalifa creator company Emaar and local holding firm Meraas, Rove was founded to help fill Dubai’s affordable accommodation gap.
With the backing of Emaar, Rove has secured some of the most coveted plots in the city, with its debut hotel opening in Downtown Dubai, and Dubai Marina and the Expo 2020 site in later years.
Today, Rove has around 3,500 rooms open and another 2,000 in the pipeline, with the ambition of having 10,000 keys open or in development within the next five years. Currently, all nine of Rove’s operational hotels are in Dubai, but Rove COO Paul Bridger is eyeing Saudi Arabia, the wider Gulf and even capital cities in Europe.
“Our success [at Rove] is led by the UAE and the country has continued to be strong,” Bridger told Skift.“Rove was born to address that whole [mid-market] gap. In the UAE much of the hotel inventory sits at the top in an upside-down pyramid where five-star and luxury are at the top and more affordable brands are at the bottom. If you want to meet your tourism ambitions, we can’t have everybody in the world thinking staying in $400-a-night hotels is the only option.”
A night in Rove can range between $190 for a prime location like Downtown to $95 at hotels further from the center.
According to Bridger, the new 10,000-key plan is two-fold: Grow in the Gulf for scale and grow in international locations for global brand building.
He explained: “We have an interest in international markets, particularly feeder markets into Dubai. We have a few opportunities in Europe and Asia but 80% of our focus is in the Middle East.”
“UK would be top of our list [for a hotel], London and Manchester have a lot of flights [to Dubai]. Any of the major cities would be a good launching point. Amsterdam would be great and we have interest there. It would be good in Paris. You’ve got to start somewhere. Brand building in a couple of key cities would be helpful for us.”
London in particular is full of rich UAE and Saudi citizens – potential investors – who call the UK capital home.
In May, Dubai’s ruler announced a country-wide tourism transformation plan. Sheikh Mohammed said the UAE has targeted 40 million tourist visits by 2030 and a sector contribution of AED450 billion ($123 billion) to the national GDP. Dubai’s best-ever year for tourism was in 2019 when it had close to 17 million overseas visits.
To push the whole country to 40 million visits, further brand-building must be done overseas to woo would-be travelers.
As Bridger said, Rove’s success is tied to the UAE’s success. He explained: “Being a Dubai-centric brand is one of our messages [overseas]. It helps us build
The construction firm behind the MGM Cotai casino resort in Macau has been awarded the contract to build “The Island” in Dubai. First reported by MEED, the $1.2 billion contract is the most valuable construction deal in Dubai in the past six years.
Booking.com and Warner Bros. Pictures have this week announced a new collaboration to celebrate the holidays and the debut of Wonka (in theatres December 15). The limited-time collaboration comes in the form of two sugar-coated stays at Wonka’s Sweet Suites in both New York and Los Angeles.
Saudi Arabia’s ambitious mega-development Neom continues to announce small boutique hotels. With more than half a trillion dollars at its disposal, Neom could build the biggest hotels in the world, but, for now, is opting to unveil properties no more than 100 keys in size.
Good morning from Skift. It’s Tuesday, November 28. Here’s what you need to know about the business of travel today.
The Middle East’s travel and tourism ambitions can seem unbelievable: 150 million visitors into the once-closed off Saudi Arabia, 40 million visitors to the UAE – big goals keep getting more ambitious. The Skift Global Forum East returns to Dubai from December 12 to 14 and we’ll be speaking to the most important travel executives from the region to better understand how it might all play out.
Dubai Municipality had assigned a field team of 12 staff to supervise 72 cleaners working on a regular basis and around the clock to keep Dubai’s public beaches clean. It also equipped the team with 13 new mechanisms and equipment to improve communication and emergency response time.
The Atlantis The Royal resort in Dubai has appointed a managing director. The property’s long-time SVP and general manager, Tom Roelens, takes on the role, who has led the mega-resort since its pre-opening phase.
In anticipation of Skift Global Forum East, happening in Dubai December 12-14, I wanted to sit down with both our Middle East Report, Josh Corder, and Twenty31 Consulting (now Skift Advisory) Managing Director, Joe Naaman, to discuss a big picture view on growth and dynamics in the Middle East.
Toronto hotel brand Four Seasons is likely to announce its own resort and standalone villa project in United Arab Emirate’s (UAE) Ras Al Khaimah. The proposed super-luxury resort is currently going through its master planning stages and has already found a plot of land “very close” to the $3.9 billion Wynn integrated resort opening in 2027.
Dubai hospitality has always gone for high impact. Whether it’s billion-dollar resorts on man-made islands or luxury hotels colloquially known as seven-star properties, they have served to put the emirate on the global tourism map.
JA Resorts & Hotels brings a sprinkle of festive magic to Dubai this season, with a series of events and activities across its portfolio from flagship destination, JA The Resort, to JA Ocean View Hotel on the iconic Jumeirah Beach Residence and Dubai’s only mountain resort, JA Hatta Fort Hotel. The Greatest Show at JA The Resort
Emerald Palace Group (EPG) is proud to announce a groundbreaking partnership with Raffles Branded Residences, heralding a new era of high-quality living with the unveiling of “The Contemporary Collection” of Raffles The Palm Residences & Penthouses, strategically situated on the prestigious West Crescent of The Palm Jumeirah Island in Dubai.