UAE Business: Mena hotel sector to reach pre-Covid levels in 2022: ATM – Gulf Digital News

UAE Business: Mena hotel sector to reach pre-Covid levels in 2022: ATM – Gulf Digital News

Hotel demand across the Mena markets is expected to achieve parity with 2019 levels of performance in 2022, according to the latest industry forecast from Colliers International, commissioned by RX (Reed Exhibitions), the organiser of Arabian Travel Market (ATM) 2022.



With year-on-year upticks anticipated across most Mena markets, the report spells excellent news for panellists and attendees at next year’s ATM Hotel Industry Summit, which will take place during ATM at the Dubai World Trade Centre (DWTC) from May 8-11, 2022.



Several regional markets are set to achieve hotel occupancy rates of 70% or above in 2022, including Dubai (Dubai Creek and Festival City: 76% | Sheikh Zayed Road: 74% | Palm Jumeirah: 78% | Dubai Marina and JBR: 80%); Ras Al Khaimah (70%); Cairo (70%); Alexandria (70%); and Doha (72%).



While corporate demand, including meetings, incentives, conferences and events (MICE), bolstered the Mena hotel industry’s initial post-pandemic recovery, the Colliers report notes that the region’s domestic and leisure segments are likely to take on an increasingly important role in 2022, amid ongoing changes in operational practices for global business travel.



In addition, the researchers predict that mega events, such as Expo 2020 Dubai and FIFA World Cup Qatar 2022,will not only drive a