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Gulfood

30 October - 1 November 2018    Dubai World Trade Centre

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Industry Overview

New data from MEED Projects, the online projects tracking service for the Middle East, predicts that more than US$14bn worth of hotel construction contracts will be awarded in 2018, reaching a record high.

Regionally

GulfHost_01 ​​​​​​The GCC Foodservice market is predicted to reach 6.8 per cent a CAGR representing US$24.5 billion (Dh89.9 billion) in 2018, up from US$18.8 billion in 2014

GulfHost_02 + 500 hotels under construction totaling 153,000 rooms in the MEA

GulfHost_03 The hospitality industry is predicted to reach $550 billion dollars globally-  an increase of almost $100 billion dollars in the past 5 years

In the UAE

GulfHost_04 + 170 Hotels under projects (63,970 rooms)

 GulfHost_05+ 16,000 F&B outlets with another 19,000 expected to open by 2019

GulfHost_06 Food, hospitality and HORECA markets are expected to register double digit growth over the next decade 

Did you know

Cultural-influences

Market Drivers

- 14% of the packaged food sales in the region is made to the foodservice sector.

- The hotel sector accounts for 11% of the foodservice sector sales in the MENA region.

- Full Service Restaurants holds the greatest share in the foodservice sector in the region, featured by dominance of independent restaurants across the region. 

- The Fast Food segment accounts for nearly 27% of the food service sector, making it the highest presence of chained players

- MENA region is to grow its fast food sales by 3.15%, backed by expansion for multi-national brands as well as growth of home grown concepts featuring regional influences.

  • Restaurant dining is popular among those under 30 years as they are willing to try new foods and fine dining experiences with friends and family.
  • Fast food is changing, with cleaner ingredients, healthier cooking methods and added technology central to new operating methods.
  • The fastest growing category is Street Stalls/Kiosks as consumers increase their on-the-go consumption in many regions. The highest penetration is in North and Latin America.

Coffee

Source – Gulfood 2018 report

Opinion

"Dubai has long been a gateway for trade and tourism. GulfHost demonstrates the successful integration of trade show platforms to connect the world's top suppliers with major regional buyers, in order to deliver the tools needed to accelearate the industry." 
Issam Kazim, Chief Executive Officer, Dubai Corporation for Tourism and Commerce Marketing (DCTCM)

"Hotels need to rise to the challenge of meeting the shifting demands of travellers and the specific requirements of certain demographic and geographic groups, such as millennials, families, and baby boomers, as well as halal travellers and those from emerging markets such as China and India. The biggest risk for hotel investors is not embracing the changes and challenges outlined and expecting traditional business to keep on coming. It's no longer a case of build it and they will come. It's more a case of build what they want, and they will come. There's a lot of competition on the global scene for the business of the new emerging markets. The hotel guests is now very much in the driving seat from the very design and product development phase." 
Haitham Mattar, Chief Executive Officer,  Ras Al Khaimah Tourism Development Authority (RAKTDA)

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