The Cost of Doing Business
what i've found amazing in the dubai mongering market, at the moment, is the inverse relationship between the challenging global economy and wg pricing.
4000 aedathr and 100aed cover charges?
are you kidding me.
i can almost state with complete certainty that the client market will dry up and move on to friendlier climates (demand side), and the wg's and purveyors will soon realize they can no longer justify the cost of "doing business, " i. e. , visa fees, apartment rentals, etc. , in dubai and move on as well (supply side). how the "market" settles is anyone's guess.
what i can tell you is unless there's value for money for both mongers and wg's, dubai will cease to be the mongering capital it once was.
and all the glitter and dubai's endless 50 story skyscrapers are mostly empty shells, literally. i will gladly counter anyone who thinks this crisis will be over soon.
when i was in dubai, the first week of december '08, it wasn't difficult to sense there was a level of concern. i'll be in dubai next week, and judging by the dramatic fall in hotel room rates, i can expect the concern to be real. whether that translates to lower mongering pricing, i will report accordingly.