UAE hospitality remains on strong growth path

UAE hospitality remains on strong growth path

Senior industry executives exude confidence that the recent surge in visitor numbers will keep the hospitality sector thriving

The Club-Milessime at Sofitel Dubai Downtown. The occupancy rate for Dubai’s hotels climbed to 72 per cent over January-November 2022. - Supplied photo

Published: Sat 4 Feb 2023, 3:48 PM Last updated: Sat 4 Feb 2023, 3:55 PM

The UAE hotel industry remains on a strong growth path, with an estimated 251,000 keys by 2030, a report by benchmarking company STR showed.

The tourism industry is one of the biggest non-oil revenue sources in the country, and its hotel provision reflects this, a report from Top Hotel Projects (THP) says. In the high end of the hotel sector, UAE is set to welcome at least 130 premium sites totalling nearly 34,000 rooms over the coming years, according to THP data.

The country’s reputation for luxury remains undimmed as far as forthcoming hotels go, with 64 per cent of the high-end pipeline in the five star category, equating to 83 sites, while the remaining 36 per cent, 47 projects are upscale four star builds, THP data showed.

A recent report by JLL Mena supported these trends. In a recent report, JLL quoted Dubai Economy and Tourism (DET) data that