Media ININ Economy We Trust
The hotel sector in the UAE recorded a strong continuous weekly performance, during the first quarter of 2023, and the UAE topped the global markets, in most weeks, in terms of weekly hotel occupancy rates, ranging from 82% to 91.8% since the beginning of 2023, according to S data. TR », specialized in hotel consulting. According to the latest report, the UAE continued to lead the global tourism markets, recording the highest hotel occupancy rate of 86.4% during the week ending March 18.
STR data showed that the UAE regained its market leadership, with its highest global occupancy rate of 89% in the week ending March 11, after it fell to second place in the world with occupancy of 86.2% during the week ending March 4, from first place in The previous week, however, it managed to record its sixth-best weekly occupancy rate during the “Covid-19” era.
The data indicated that the UAE ranked first in the world during the week ending February 25, with a hotel occupancy rate of 91.8%, which is its highest weekly level during the past four years. The country received an increase in demand during its hosting of the Gulfood 2023 exhibition and the exhibitions IDEX and NAVDEX 2023. The data showed the continued activity of the hotel sector in the UAE during the week ending on February 18, as the country topped hotel occupancy globally by 85.6%.
According to the data, the UAE recorded a high occupancy rate of 80% in the week ending January 21, 2023, bringing the occupancy rate to 81.9% in the week ending February 4, then the weekly occupancy rate increased to 82.4% in the week ending February 11.
2022
According to data from the Ministry of Economy, the occupancy rate in state hotels during 2022 reached 71%, which is among the highest in the region and the world. The UAE tourism sector quickly overcame crises and continued to achieve record growth numbers, most of which exceeded 2019 levels. By the end of 2022, hotel establishments in the country received 25 million guests, who spent 91 million tourist nights, with a growth rate of 18% over 2021 and 7% over 2019.
The number of hotel establishments in the country reached nearly 1,200, with a growth of 5% from 2019, and hotel rooms reached more than 200,000 rooms, with a growth rate of 11% from 2019, while hotel revenues achieved a quantum leap, as total hotel revenues reached 38 billion dirhams, with a rate of A growth of 23% over 2019.
