Dubai hospitality thrives despite rising costs

Dubai hospitality thrives despite rising costs

Dubai’s hospitality industry reported a strong end to the year despite global economic turbulence and geopolitical concerns in the region. According to the latest headline S&P Global Dubai Purchasing Managers’ Index (PMI), the emirate’s non-oil private sector posted its best performance for 16 months in December, buoyed by strong sales in wholesale and retail and […]

‘Exciting December’ for sector

Optimism high as tourism surges

But operators warned over prices

Dubai’s hospitality industry reported a strong end to the year despite global economic turbulence and geopolitical concerns in the region.

According to the latest headline S&P Global Dubai Purchasing Managers’ Index (PMI), the emirate’s non-oil private sector posted its best performance for 16 months in December, buoyed by strong sales in wholesale and retail and “rapid growth” in travel and tourism.

Dubai International Airport had forecast an estimated 4.4 million passengers would be welcomed between December 15 and 31, with average total daily traffic reaching 258,000 passengers during the busy holiday season.

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“Overall it was an exciting December, with brands vying for coverage and consumers enjoying the vast options in F&B [food and beverage]