Dubai’s hotel sector among top performing markets internationally

  • Date: 22-Mar-2023
  • Source: Consultancy ME
  • Sector:Tourism
  • Country:UAE
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Dubai’s hotel sector among top performing markets internationally

The global pandemic had a major impact on the tourism industry, with many popular destinations experiencing a sharp decline in visitor numbers. Dubai's hotel market however has for a large part managed to buck the global trend, and ranks as one of the better performing markets worldwide, according to new research by Deloitte.

The rebound of Dubai’s hotels sector post-pandemic was driven by pent-up demand from travelers and increased spending by residents.

In 2022, hotel occupancy rates reached their highest point in 15 years, with occupancy hitting over 90% in the tourism hotspot month of March, and averaging 70% of the full year, up from 59% for the same period the year previous.