Short-Term Rental Surge: GuestReady’s UAE’s office named among top three globally as it readies for greater 2023 expansion

  • Date: 02-Feb-2023
  • Source: Zawya
  • Sector:Real Estate
  • Country:UAE
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Short-Term Rental Surge: GuestReady’s UAE’s office named among top three globally as it readies for greater 2023 expansion

- UAE office of global property management firm grew sales 220% YoY in 2022, compared to 42% globally

- Regional tourism outlook, regulatory framework and top-notch destination offering contributed to unparalleled UAE growth in 2022: GuestReady’s Regional MD

Dubai: GuestReady, the leading global hospitality & property technology company has revealed that the firm’s UAE office is among the top three offices leading the company’s global growth for 2022.

With a focus on urban short-term rental management that allows both guests and owners to make the most of every stay, GuestReady saw 220% YoY sales growth in the UAE in 2022, compared to 42% globally. The company’s UAE presence also saw a 155% growth in properties under management, compared to 49% globally, with now over 400 properties under management within Dubai.

According to GuestReady’s Regional Managing Director Reem Alkhatib, the growth is the combined result of the company’s approach and technology, an increasingly strong regulatory framework and positive market outlook:

“At GuestReady, we combine global best-practice, technology and local expertise with a guest-centric approach that sees the properties under our management, and the experience of our guests, rival those at any luxury hotel. This approach has, and will continue to help us capitalize on an increasingly