Holiday rentals throughout the Middle East are profitable through ‘revenge tourism’

Luxury Explorers features Villa Botanica in the exclusive Emirates Hills known as the “Beverly Hills” of the UAE.

Collection of Luxury Explorers

Dubai, United Arab Emirates – In the Middle East, a new race of high-end holiday rental companies is thriving to meet the needs of today’s travelers – with a wide variety of post-epidemic options.

Global holiday rental market – worth $ 22.7 billion by 2020 – to surpass $ 111.2 billion by 2030, one step Priority study study Late last year. Research talked about the “revenge tourism” trend with millennials and the younger generation in the first few years after the corona virus outbreak.

According to analysts, this is mainly driven by the growing awareness among tourists, of the extra space and convenience offered by holiday rentals, and in some extreme cases, the additions of high-tech gyms, private cinema screens, smart home appliances, personal assistants, butlers and cooks’ services.

Dubai-based travel agency Luxury Explorers is a company that wants to monetize it. During epidemics, the company saw the way the wind was blowing and jumped into the premium Holiday Homes business, establishing a collection of luxury explorers in mid-2020.

The company owns properties such as Villa Botanica in the exclusive Emirates Hills, known as the “Beverly Hills” of the United Arab Emirates. Luxury Explorers’ Collection CEO Mohammed Sultan told CNBC: “The idea really started in 2018 when we discovered that some of our VIP customers who work at our company are eager to spend their vacations in luxury vacation homes and villas while traveling around the world.”

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“At that time in Dubai these customers did not enjoy the premium holiday rentals they were enjoying in southern France, Italy and Los Angeles – well-developed areas on a short-term permit basis.”

“We decided to set our vision to be a pioneer in the evolution of the local market by not only being visually stunning, but at the same time offering high quality features rich in exclusive offers and customized reception services.”

Faced an epidemic storm

The study covers 27 international markets and the need for both hotels and short-term rentals has been badly affected by the health crisis, with rentals facing the epidemic better, primarily due to larger living spaces, full service facilities and demand. For social exclusion.

Leading vacation home companies are confirming that they have seen more aggression since the onset of the epidemic. “We have averaged 92% since we launched in August 2020,” Harrison Moore, managing director of Key View Vacation Homes Randall in Dubai, told CNBC.

He added: “So far in 2022, we have seen a 33% year-on-year increase in our average daily rate. Dubai is one of the leading innovators in terms of security ethics.

Enter hotel brands

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