April 12, 2024

UNITED ARAB EMIRATES: The United Arab Emirates’ hospitality sector is about to obtain a well timed enhance in its lodge room capability, with a current projection indicating the addition of 9,200 rooms by the top of 2023. Of this complete, 70 p.c is to be positioned in Dubai.

This inflow of recent rooms will convey the overall variety of lodge rooms in Dubai to 154,000, marking a wholesome 6.4 p.c enhance in comparison with 2022, as outlined in a current report by Knight Frank.

– Commercial –

“Dubai, which has emerged not solely because the world’s hottest vacation spot for 2 years working in response to Journey Advisor, however the emirate has additionally earned the accolade of getting the world’s highest occupancy ranges through the first half of 2023 at 78 p.c,” acknowledged Faisal Durrani, Companion and Head of Analysis MENA, on the consultancy.

In keeping with sources within the lodge business, there is no such thing as a expectation that the brand new capability will stay vacant for lengthy. Demand has remained constantly sturdy all year long, with operators efficiently sustaining excessive occupancy ranges even through the summer time months. This explains the arrogance surrounding the addition of all these additional rooms.

– Commercial –

“A considerable 70 p.c of the under-construction and ultimate planning provide in Dubai belongs to the luxurious and upper-upscale lodge segments, catering to discerning travellers,” acknowledged Turab Saleem, accomplice and head of hospitality at Tourism & Leisure Advisory.

Within the first half of 2023, Dubai welcomed 8.6 million vacationers, representing a considerable 20 p.c rise in comparison with the earlier yr, which underscores Dubai’s continued attract as a distinguished world vacationer vacation spot. Internationally recognised lodge chains make up 67 p.c of Dubai’s present lodging choices, emphasising the town’s worldwide attraction.

– Commercial –

When it comes to the variety of rooms, Accor, the lodge operator, holds the ‘high spot’ with 71,820 rooms at present in operation and an extra 49,510 rooms within the improvement pipeline, anticipated to be accomplished by 2030. 

Following carefully is Marriott Worldwide, with 63,790 rooms in operation and 52,790 rooms deliberate for improvement. IHG Motels & Resorts boasts 35,140 rooms in operation and 22,120 extra in improvement. Hilton Worldwide, with its present 33,450 rooms, is about to broaden additional by including one other 39,860 rooms.

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