What are the Prospective Impacts of the FIFA World Cup 2022 on the Dubai Economy?

by commitbizadmin 28, Oct 2022

FIFA World Cup 2022

This winter's influx of sports tourists to the UAE is predicted to add millions of dirhams to the local hospitality and events industries, according to analysts. According to the report's findings, hotel occupancy rates in Dubai and UAE are predicted to reach 100% during the tournament, while demand for lodging is expected to surge by up to 40%.

Additionally, data revealed an 80% increase in pre-bookings for travel between Dubai and Doha. All these factors will contribute to the Dubai economy in the coming days.

The World Cup Will Catalyze the Dubai Tourism Growth

Dubai is located east of Qatar. Like Qatar, Dubai is renowned for its amenities and welcomes guests from abroad with open arms. It also offers simple access and an innovative approach.

Dubai, UAE, and the Gulf as a whole are now ready to enhance their exposure further, demonstrating how forward-thinking and dedicated to future progress they are with a massive global audience gathering. Businesses throughout the UAE are starting to realize the possibility that the World Cup in Qatar presents. 

Efforts would be made to promote tourism business ideas in Dubai, with the Emirate serving as a major hub for such travel, with airlines like Flydubai operating shuttle flights from Dubai to Doha. The emirate has developed into a tourism powerhouse. 

Businesses all around the city are taking advantage of the World Cup's short-term prospects as well as the country's and its citizens' long-term sustainable outlook thanks to the recent strong economic recovery.

 

The Financial Prospects in the Economy of Dubai are Obvious

The amount of foreign investment in the emirate demonstrates just how much of a flourishing market tourism is, regardless of whether it is tourism, conventional hospitality, or any of the other companies that support tourism or profit from foreign visitors.

Visitors are seeking more cheap options in Dubai because many hotels and resorts are already fully booked, which has increased the demand for short-term rentals. To prepare for increased activity during the 2022 FIFA world cup, several landlords are switching from one-year rents to short-term stays.

Even if the United Arab Emirates didn't make it to host the World Cup, it will still win if fans overflow into its hotels, eateries, and aircraft. According to the Dubai Sports Council, a million World Cup supporters may visit the city. 

The projection may be ambitious, given that Qatar anticipates a comparable amount. However, Dubai has declared fan zones at parks, beaches, and in the financial district, and hotels are promoting special deals.

Such offers include shuttle services, transportation to the airport, and fan zones.

Opportunities for the Dubai Tourism Economy

Dubai announced its partnership with the Dubai Economy and the Department of Tourism and Commerce Marketing at the end of 2021. By the end of 2025, we will collectively reach the target of 25 million visitors to the city.

The government will support them with its opulent selection of hotels, real estate, transportation, and other resources from its industry-leading hospitality sector. The travel industry is feeling upbeat as a result of the world cup. 

This indicates that hotel reservations will significantly increase throughout the UAE.

Qatar Airways has agreements in place with Flydubai, Saudia, Kuwait Airlines, and Oman Air to ensure that ticketholders can travel back and forth from Doha on routine flights. Flydubai and Air Arabia will boost tourism in the region by providing 45 shuttle flights each day, with Dubai serving as a major center for that travel.

UAE aspires to draw foreign direct investment in addition to diversifying the economy. This increase in visitors to the Emirates will benefit small and medium-sized enterprises, including b2b and b2c, as well as air service providers, hotel chains, and other industries.

Impact on the SMEs and Also the Dubai Tourism GDP

However, this flood of tourists to the UAE offers a huge opportunity for small- and medium-sized enterprises, whether B2C or B2B. The benefits go beyond only the major airlines and hotel chains.

The more prospective clients a market has, such as those large groups of tourists, the more money will naturally be spent overall, which has a natural impact on the supply chain. If you provide support services to the hotel sector, you should anticipate an increase in demand for your products and services as a direct result of the increased uptake the sector as a whole will experience.

Ancillary services are essentially anything that helps another sector of the economy. You may be a cloud service provider, for instance, giving SaaS platforms and apps a location to store their data and serve their clients with services. 

App usage will increase as a result of the hundreds of thousands of extra visitors to the emirate. To order meals, hail a cab, and get about Dubai, travelers will be using apps like Careem and the government-backed Wojhati platform in droves during the World Cup. 

To make their app experiences consistent and seamless, the businesses that manage them will need additional resources. We can even go back further with the example: If your company is in the digital marketing industry and you aim to improve your clients' brand perceptions, this is the ideal time to take advantage of the rising interest in Qatar and Dubai.

Want to Get Included on the List of Travel and Tourism Companies in Dubai?

With all of this knowledge, you should be thrilled about your business setup in Dubai. You may not be aware of the paperwork and hassles it took to get there, though, and any newly formed firm in Dubai would have gone through them.

Do not fear; Commitbiz works round-the-clock to ensure that the process of establishing your ideal company runs smoothly. With knowledge in a variety of sub-sectors, including intellectual property, accounting and tax, visa services, and company licensing, we offer you the most effective help. 

Contact us for more information and suggestions. Our devoted crew will put everything else on hold to assist you.

FAQs

What are the estimated hotel occupancy rates in Dubai in light of FIFA 2022?

The hotel occupancy rates in Dubai and UAE are predicted to reach 100% during the tournament, while demand for lodging is expected to surge by up to 40%.

Which airline is serving shuttle flights from Dubai to Doha during the FIFA world cup?

Flydubai.

How are short-term rentals useful in Dubai in light of the FIFA world cup in Qatar?

To prepare for increased activity during the 2022 FIFA world cup, several landlords are switching from one-year rents to short-term stays.

What will be the role of the Dubai government after the partnership between its economy and tourism authority?

The government will support them with its opulent selection of hotels, real estate, transportation, and other resources from its industry-leading hospitality sector.

How will the increase in visitors during the world cup benefit the SMEs in Dubai?

The increase in visitors to the Emirate will benefit small and medium-sized enterprises, including b2b and b2c, as well as air service providers, hotel chains, and other industries.

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