Expo 2020, Dubai will be a vital catalyst in recovering the country’s hospitality and tourism industry.
The experts expect the occupancies across the central sub-markets of Dubai to range between 64-73% for 2021.
Expo 2020 reflects the undiminished enthusiasm of Dubai in its determination to attract 25 million visitors from across the world.
The Expo 2020
Expo 2020 is the first Expo to be hosted in the Middle East and will run over 182 days from 1st October to 31st March 2021.
The Expo got delayed the last year due to the global coronavirus pandemic.
Expo will be the most significant international gathering held during the pandemic after the Tokyo Olympics to feature the best and latest technology, business opportunities, and culture from over 190 countries.
More than 50,000 workers are setting up around 192 pavillions as each participating nation will have its pavilion at the Expo.
Expo to Accelerate UAE’s Economy
The rapid pace of vaccination over the last few months have raised the hopes of Expo organizers.
The International Monetary Fund has already upgraded the country’s growth outlook to 3.1% for the current year.
Reem Al Hashimy, Director General of Dubai Expo 2020, does not see global travel restrictions and lockdowns impacting the flow of visitors to the Expo.
She said, “The world has gone through radical shifts over the last year. But with vaccines rolled out, the world is now in better control”.
She foresees that the situation would further stabilize by October 2021. The six-month international event is forecasting 25 million visits over the period.
Expo will provide a massive shot-in-the-arm for the corporate, MICE segments and leisure market.
The hotel and tourism industry is well-versed in demand, but not all days will be as busy as others.
Aid to UAE and India’s Bilateral Ties
Both the UAE and India have a long history of trade and bilateral ties. India is eager to showcase its innovations at a global platform where the leaders converge to exchange ideas and explore unfolding business opportunities.
India would come up with its additions to make the mega event even more spectacular.
Pavan Kapoor, Indian Ambassador to the UAE, said, “It is very clear from the connections we have with India that India will be the most prominent participant at the Dubai Expo.
The Expo authorities are planning to celebrate Diwali in a big way to underline the strength of the relations between the two countries.
The Expo 2020 will augur well for entrepreneurs and start-ups both in India and Dubai.
Expo 2020 will give a much-needed push to the UAE economy.
The world is expecting exciting innovations from India and other participating countries at the Expo.
Other than this, the event will be an excellent platform for Indian start-ups and entrepreneurs keen on expanding their businesses.
