Published on : Thursday, September 5, 2019
The Dubai market’s supply is expected to develop an average rate of 12 per cent until FY 2020, in the run up to Expo 2020.
“Dubai was recognized as the leading MICE (Meetings, incentives, conferencing, exhibitions) destination in the Middle East and Africa region by Cvent, with Abu Dhabi in 4th position. Dubai’s ease of access and excellent supporting facilities are key for attracting MICE events,” said Christopher Lund, the head of hotels for Mena at Colliers International.
Dubai’s Department of Tourism and Commerce Marketing latest figures said that the emirate witnessed 8.36 million international overnight visitors in the first-half of this year, marking a growth of three per cent in tourism volume.
Dubai saw an increase of 13 per cent in new rooms in H1 followed by 11 per cent in Sharjah, seven per cent in Abu Dhabi and 12 per cent in Ras Al Khaimah.
Except the UAE capital, the UAE’s branded hotels became more affordable with average daily rates going down 11 per cent in Dubai, Sharjah, RAK and Fujairah. But room rates in Abu Dhabi increased four per cent.
It is expected that the total branded hotel supply in the UAE will increase from 92,800 in the first-half of this year to 98,800 by the end of this year.