Skift Take
Not everyone can afford to stay at the Wynn.
Demand for hotel stays will be greater than supply in Ras Al Khaimah, according to Tatiana Veller, managing director of Stirling Hospitality Advisors, a subsidiary of state-owned RAK Hospitality Holding.
She said interest in the emirate has skyrocketed since the announcement in 2022 that a Wynn resort would be opening.
"Doubling the inventory in four years isn’t quite enough," she said during the "RAK Investment Pulse" webinar. "Right now, we [RAK] are roughly even with demand and supply. By the time Wynn opens in 2027, the demand for additional room nights is overtaking supply."
At the end of last year, the emirate had around 7,250 hotel keys. By 20