Dubai hospitality sector to continue its boom in 2023 as tourism is back

Dubai hospitality sector to continue its boom in 2023 as tourism is back

- With 76.6 per cent occupancy, Dubai hospitality recorded AED 892.84 as the average daily rate (ADR) and AED 684.03 as revenue per available room (RevPAR) in December 2022.

- Occupancy level reached 91 per cent on New Year’s Eve, while ADR and RevPAR amounted to AED 1,765.51 and AED 1,606.74, respectively.

- UAE hospitality sector to see 48,000 new rooms by 2030, with Dubai receiving 76 per cent of the total supply.

- Dubai hotels may see more than 80 per cent occupancy rate as tourism is back on track

Dubai: Dubai’s hospitality sector is all set to grow further this year with an increased average daily rate and revenue per available room despite the low occupancy rate and increased supply compared to the pre-pandemic era.

The hotels across the emirate are expected to hit 80 per cent occupancy rate this year with a steady increase in the average daily rate and revenue per available room as tourism is back on track, according to the Zoom Property Insights.

The Insights data indicates that international visitors to Dubai are expected to exceed the pre-pandemic period in 2023 which will benefit the hospitality industry. The emirate achieved 73 per cent hotel occupancy after welcoming 14.36 million international