Dubai: Hotel demand outpaces supply as tourists flock to emirate, says tourism chief

Dubai: Hotel demand outpaces supply as tourists flock to emirate, says tourism chief

Published: Mon 6 May 2024, 1:45 PM

Demand for hotels is outstripping supply in Dubai as the emirate attracts tourists from worldwide, said Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing (DCTCM).

“We had seen constant growth year-on-year until 2019, but then things globally slowed down, and we were impacted as well. But in 2023, we managed to pick up where we left off, and we closed off with 17.15 million tourists, which was a record number for us.

"What's even more exciting is that with that growth, we've also seen a growth in the number of hotel rooms, occupancy and average daily rates, which means that the demand for Dubai is again outstripping the supply which means that for us, there is always an opportunity from an investment perspective to create more attractions to create more hotel rooms,” Kazim said during the opening remarks at the Arabian Travel Market 2024 in Dubai on Monday.

Stay up to date with the latest news. Follow KT on WhatsApp Channels.

He added that Dubai is famous for numerous brands of hotels but now holiday homes also becoming popular, which are also seeing huge growth in terms of their occupancy as well.

“The other thing that