UAE hospitality sector sees 24 percent rise in occupancy in first quarter of 2022 – Arabian Business

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UAE
  • Date: 14-May-2022
  • Source: Arabian Business
  • Sector: Economy
  • Country: UAE
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UAE hospitality sector sees 24 percent rise in occupancy in first quarter of 2022 – Arabian Business

The UAE hospitality market saw growth in occupancy in the first quarter of the year of 24 per cent, according to data from commercial real estate experts Colliers.

Colliers’ executive director – Head of Hotels for the MENA region, Christopher Lund, said: “All markets in UAE saw an increase in performance levels in comparison to 2021, with Dubai and Sharjah observing the highest growth in occupancies. This can be attributed to increased demand during the winter holidays and last three months of Expo 2020.”

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