eTN, May 21, 2008

Industry experts underlined the strength of the regional market and called for an end to the speculation that the hotel boom in Dubai and its neighbors was part of a temporary “bubble.”

Veteran hotelier Gerhard Hardick, chief operating officer of hospitality consultant Roya International, said he thought the bubble would not implode but explode, resulting in a much larger industry. “We are getting too small for our jacket when you consider all the major developments region-wide,” he said. “The best way to predict the future is to shape it ourselves. Dubai has done this and the vision of Dubai is now being realized.”

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