Dubai, 12 April, 2015

Dubai Holding, the global investment holding company, today announced that Gerald Lawless, Head of Tourism and Hospitality at Dubai Holding, has been elected Chairman of the World Travel & Tourism Council (WTTC) at the Council's Annual General Meeting in Dallas, United States of America.

Mr. Lawless has been a Member of the World Travel & Tourism Council since 2005, sitting on the Executive Committee since 2008, and as Vice Chairman since 2012.  Mr. Lawless will take over from Dr. Michael Frenzel, Chairman Emeritus TUI Deutschland GmbH and TUIfly GmbH. The WTTC Chairman is elected for a term of two years.

Gerald Lawless, Chairman, WTTC, said: "It's a privilege to have been a member of the World Travel & Tourism Council for the past 11 years. The organisation has been a strong force in promoting tourism and opening up different cultures to so many people across the world, widely benefitting the global economy. I would like to thank Dubai Holding for their support of my involvement with the WTTC."

Outgoing Chairman, Dr. Michael Frenzel said: "I am delighted to welcome Gerald as WTTC Chairman. Gerald has been an active Member of WTTC, responsible for bringing the Global Summit to Dubai in 2008 and serving on the Executive Committee and as Vice Chairman. His commitment to WTTC's mission will be invaluable, as the organisation continues to drive recognition of travel and tourism's social and economic impact amongst governments around the world."

Mr. Lawless, former Group Chief Executive Officer of the Jumeirah Group is a leading figure in the world of tourism and hospitality. In his 18 years as CEO of Jumeirah Group, he spearheaded the growth of the hotel chain to one of the best-known luxury hospitality brands in the world, expanding the company's portfolio to 22 hotels in 11 destinations and establishing Burj Al Arab Jumeirah as the most luxurious hotel in the world.

WTTC's latest data shows that the sector accounts for 9.8% of the world's Gross Domestic Product (GDP), contributing over USD$ 7.2 trillion. Last year travel and tourism added 7.2 million jobs to the global economy, supporting a total of 284 million jobs around the world.

In 2015, Dubai achieved double the global industry growth levels for international tourist arrivals when it welcomed 14.2 million people, which firmly positioned it as the fourth most visited city in the world. With travel and tourism currently accounting for up to 30% of Dubai's GDP, the Emirate is set to welcome 20 million visitors in 2020.

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About Dubai Holding
Dubai Holding is a major investment conglomerate with operations in 24 countries employing over 22,000 people. Established in 2004, Dubai Holding today manages a AED 130 billion portfolio of assets, which supports the strong development of Dubai's non-oil economy across sectors including; tourism, hospitality, media, real estate, ICT, education and financial services. Its portfolio includes TECOM Group, which manages 10 of Dubai's most successful business communities, Jumeirah Group, the hospitality arm which owns and operates 22 hotel developments in 11 destinations in 9 countries; and Dubai Properties Group, a master developer of world-class destinations.

Dubai Holding's current project pipeline will add significantly to the Emirate's portfolio of landmarks. This includes Mall of the World, all-season city district comprising the world's largest retail network; and Dubai Creek Harbour, a joint venture with Emaar Properties PJSC to build a futuristic waterfront city at The Lagoons.

Dubai Holding plays an influential role in delivering on Dubai's long-term growth strategy and initiatives such as Tourism Vision 2020, Dubai Smart City, Dubai Innovation Strategy and Capital of Islamic Economy.

For media queries, please contact
Zein Bushnaq
dubaiholding@brunswickgroup.com
Direct +971 56 1742230

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