Damac Maison's Bay Edge Damac Maison's Bay Edge

Damac Hotels & Resorts, the hospitality arm of DAMAC, is looking to boost its current portfolio of around 1,700 hotel units over the next three years, with the aim of delivering 15,000 units by 2021.

Hussain Sajwani, chairman of Damac, said in a statement: "Over the past four years, Damac has delivered 1,700 hotel units that are in operation currently, and we’re looking to increase that to over 5,500 rooms by year end. With Expo 2020 just around the corner, there is much expected from Dubai’s hospitality sector, and this global destination is all set to welcome over 20 million visitors in the coming years. The goal of delivering 15,000 keys by 2021 is a task that is both challenging and thrilling."

Damac Hotels & Resorts senior vice president - hospitality Jean Faivre added that with "room occupancy topping 29 million room nights last year and at 78% occupancy rate, we anticipate a lot more hospitality units will be needed to cope with the influx of tourists over the coming years".

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