November 29, 2023

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

This inflow of latest rooms will convey the overall variety of resort rooms in Dubai to 154,000, marking a wholesome 6.4 p.c improve 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 line with Journey Advisor, however the emirate has additionally earned the accolade of getting the world’s highest occupancy ranges in the course of the first half of 2023 at 78 p.c,” said Faisal Durrani, Associate and Head of Analysis MENA, on the consultancy.

In response to sources within the resort trade, there is no such thing as a expectation that the brand new capability will stay vacant for lengthy. Demand has remained persistently robust all year long, with operators efficiently sustaining excessive occupancy ranges even in the course of the summer time months. This explains the arrogance surrounding the addition of all these further rooms.

– Commercial –

“A considerable 70 p.c of the under-construction and ultimate planning provide in Dubai belongs to the posh and upper-upscale resort segments, catering to discerning travellers,” said Turab Saleem, companion 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 outstanding international vacationer vacation spot. Internationally recognised resort chains make up 67 p.c of Dubai’s present lodging choices, emphasising the town’s worldwide attraction.

– Commercial –

By way of the variety of rooms, Accor, the resort operator, holds the ‘high spot’ with 71,820 rooms at present in operation and a further 49,510 rooms within the improvement pipeline, anticipated to be accomplished by 2030. 

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

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