Dubai hotels lead Mideast recovery

Dubai hotels lead Mideast recovery

Hotels in Dubai Creek/Festival City and Dubai Marina/JBR areas will be the busiest with the highest occupancy rates, according to the Mena Hotel Forecast by Colliers.

Published: Thu 14 Jul 2022, 6:16 PM Last updated: Thu 14 Jul 2022, 6:19 PM

Dubai hotels will continue to lead the ongoing robust recovery in the Middle East hotel sector in 2022 with occupancy levels as high as 77 per cent.

Hotels in Dubai Creek/Festival City and Dubai Marina/JBR areas will be the busiest with the highest occupancy rates, according to the Mena Hotel Forecast by Colliers.

“The impact of Expo 2020 has had a positive impact on all markets in the UAE, while the FIFA World Cup Qatar 2022 is expected to result in overspill demand to the key transit hubs in Dubai and Abu Dhabi,” Colliers said in its latest report.

However, rising instability in key CIS source markets is expected to suppress demand, with the largest impacts expected in Dubai and Ras Al Khaimah, it said.

“Given the diversity of source markets for the UAE, additional hotel demand may be induced from alternative markets at a lower price positioning,” Colliers said in its report.

In Dubai, across almost 800 hotels, occupancy rates in Dubai have averaged 76