New Year’s Eve in Dubai: Hotel rates soar to $2722 per night as demand peaks

New Year’s Eve in Dubai: Hotel rates soar to $2722 per night as demand peaks

Some luxury hotels in the UAE are charging up to Dh10,000 per night during the busy New Year’s Eve (NYE) period, according to industry experts.

“Currently, we are in peak holiday season especially with New Year’s Eve celebrations being right around the corner, where average prices have increased substantially,” said Joseph Karam, group director of operations at Ishraq hospitality. “Average prices range from Dh500 for budget hotels and can easily go up to Dh10,000 for the more luxury hotels.”

NYE is always one of the busiest times for the UAE as the country attracts tourists from all over the world. “Dubai is one of the favourite destinations for leisure travellers during this time,” said Madisse Matar, director of sales and marketing at Crowne Plaza Dubai Marina.

“The magnificent display of fireworks, the gorgeous weather, Dubai Shopping Festival, and the tourist attractions are all significant contributors to the justified hike in hotel prices around the city.”

Several premium hotels like the Atlantis and Address Downtown are completely booked for the period while other hotels like Address Dubai Mall are charging in excess of Dh7,000 per night for a stay between December 30 and January 1.

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