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Hospitality and Tourism Global Business
Hotel Oversupply Post Expo 2020 in Dubai?
Hospitality players such as hotels in Dubai have enjoyed relatively high rates of occupancy. Dubai anticipates receiving more than 25 million visitors by the year 2020, when the country hosts the World Expo. This figure is a combined number of annual visitors to Paris and New York, which are considered to be top major tourist destinations around the world.
The article provides an insight into the ambitions of oil producing countries such as Dubai that are moving to hospitality industry in response to anticipated decline in oil and natural gas reserves. Dubai currently enjoys an 805 occupancy rate as compared to the Arabian region occupancy rate of 64% and European occupancy rate of 56%. Critics have termed the ambitious of Dubai as overzealous in nature given that 2020 is 5 years away.
For New York Outdoor Cafes, Getting a License Is No Breeze: Process Is Lengthy, Costly to Obtain Sidewalk Cafe License
Restaurants and business owners are finding it problematic to obtain sidewalk cafe licenses as a result of high costs associated with such business permits. This has been largely associated with the increase in seating areas and increased number of patrons to sidewalk cafes in New York.
In addition the number has grown significantly from an estimated 600 sidewalk cafes to 1300 restaurants currently. This is an indication of the potential for growth for this type of business in the city of New York. It can also be adopted in other major cities around the country and the world.