Mohamed Awadalla, CEO TIME Hotels
We have seen an increase in demand for long term-stays, those on a monthly basis or longer, in our one- and two-bedroom apartments. There is an incredible amount of uncertainty across the market in terms of job security. People are, therefore, hesitant to commit to long-term rentals and the potential of having to pay penalties for cancelling a contract.
We offer monthly stays at attractive prices with the benefits of payment plans, no cancellation fees, and no long-term contract. This provides many guests with comfort and confidence despite the uncertainties of the current job market.
Our property portfolio and room configuration are easily adaptable to meet the needs of guests who require long-term options. We have always been a popular choice for this kind of stay from a leisure perspective. However, we are now opening this up to a broader audience.
The guest profile for longer-term stays varies between families, corporate clients, and business travellers.
As border restrictions are reduced further, and international flights are increased, we expect to see an increase in leisure visitors capitalising on the flexibility we offer in terms of length of stay and payment options. With reduced salaries and a lack of confidence in job security, people have to become smarter and look at alternatives to the long-term contract, which has been the norm in Dubai.
As such, our month-to-month proposition with no fixed contract provides the required flexibility and reduced risk, which appeals to a broad range of people who do not want to or are unable to commit to annual contracts. The other benefit we provide, which has become a prerequisite for guests and visitors, is the high levels of safety and hygiene we offer through our Sanitised & Ready initiative. We have implemented a range of measures, in addition to those required by the UAE authorities, to ensure our guests feel comfortable in their new environment.
Finally, guests are looking for value for money. This means ensuring the service provided meets and exceeds their expectations, and this is certainly something we can deliver.
Our proposition has been well received, and we have started seeing a positive reaction from consumers. They like the flexible payment terms, simple booking process, the best price guaranteed commitment, and our spacious and well-equipped self-catering solution. Guests are also taking confidence in our Sanitised & Ready programme we have implemented across all of our properties, which is another differentiator we can provide when compared to more traditional long stay accommodation options.
In the short-to-medium term, I would envisage this offering remaining. Similarly, to every industry around the world, tourism and hospitality providers are having to adapt and look at their business models. As we recover and begin to return to pre-COVID-19 levels, we will look at the options available and our strategy for how we best grow the business. Nobody knows what the new, or the next norm entails, we do know that for complete survival we need to approach life and business with a different mindset.
Hoteliers must not forget hospitality is all about personal service, and excellent service can only be genuinely delivered from the heart.
Human engagement and interaction, whether a warm smile, courteous welcome, or simply being seated at a restaurant table, can never be replaced virtually.