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Dubai seen gaining after World Bank-IMF meeting
DUBAI The massive infrastructure development taking place in Dubai in line with its vision to be a most-preferred Meetings, Incentives, Conventions and Exhibitions (MICE) destination will start paying off with the hosting of the joint meetings of World Bank and IMF in September.
John Wallis, Senior Vice President for Marketing at the Chicago-based Hyatt International Corporation, said: "These developments will open up enormous growth opportunities and facilitate the positioning of Dubai as a truly global city."
He said the 674-room Grand Hyatt Dubai, which opened last week with the Middle East's largest and most-advanced conference facility, will contribute in a big way in shaping the future of Dubai's fast expanding hospitality industry.
He added: " Grand Hyatt Dubai offers the global conferences industry a lot more than sheer capacity. Our hotel and the new convention centre being constructed for the Dubai 2003 meeting will herald a paradigm shift in the market. Dubai can now compete with key convention cities like Berlin, New York and Singapore." Measuring 4,340 square metres, the state-of-the-art conference centre at the Grand Hyatt Dubai can accommodate up to 2,800 delegates, almost close to the new convention centre's capacity. He remarked: "I don't think we will build a city-resort hotel of this size anywhere else." A massive marketing campaign has been launched by the global hotel chain to market the conferences and convention facilities available in Dubai.
Mr Wallis, who served as the General Manager of Hyatt Regency in Dubai from 1986-89, said a deal has been signed for a 557-room Grand Hyatt property in Ankara (Turkey) and a Park Hyatt hotel in Seoul.
The 200-room Park Hyatt hotel in the Korean capital is being promoted by Hyundai group for opening in 2005.
The Hyatt is also in talks for other properties in the Middle East region. He also disclosed Hyatt's plans to open up to 30 hotels in the next 10 years in China, one of the three key outbound markets registering fastest growth.
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