In focus: Dubai’s hotel rooms and occupancy rates   

In focus: Dubai’s hotel rooms and occupancy rates   

November 09,0203 0 Rita Ghantous

Dubai’s hotel sector is showing growth and resilience, with rising inventory and high occupancy rates. 

 

Hotel rooms  

The anticipated increase in the number of hotel rooms in Dubai by 2023 is a topic of interest among hospitality professionals. According to the latest available data from STR, Dubai could reach an inventory of 152,499 hotel rooms by the end of the year.

In an exclusive statement, Nikolaidis said: “The hospitality sector in Dubai is booming. Thus, the continuous expansion of hotel inventory to meet increased accommodation needs is fundamental. Dubai is the premier tourism hub in the Middle East and one of the biggest in the world. Its hotel inventory stands at 147,703 rooms. Ongoing investment and confidence in the sector are underpinned by the large hotel pipeline. There are currently 15,637 bedrooms under construction in 57 hotel projects across the city. The high season in November and December is a busy time not only for tourism arrivals but also for hotel openings. Many of them are scheduled to open in the next few months. If the scheduled pipeline materializes on time, Dubai could finish the year with a total of 152,499 hotel rooms.”

Room occupancy

Furthermore, in terms of occupancy, Dubai’s hotel industry has seen a noticeable jump recently. As the market prepares to host the Dubai Airshow and COP28, according to CoStar’s Forward STAR data.

Dubai Airshow
On October 30, Airshow bookings revealed 58.3 percent for November 15 and 59.1 percent occupancy for November 16. At this time last year, numbers for the same dates stood at 53.1 percent and 54.7 percent, respectively.

COP28
In early December, during COP28, Dubai’s hotel occupancy figures will reach 43.7 percent on December 1 and 44.2 percent on December 2. When looking at the same period last year, the metrics were significantly lower, at 29.4 percent and 30.8 percent, respectively.

Nikolaidis added: “COP28 combined with UAE National Day on December 2 and other events taking place during the busy winter period will ensure the city is abuzz. Over 40 percent of all hotel rooms are already booked for the first few days of COP28 as well as New Year’s Eve, so the signs are very promising indeed.”

 

Website Icon png images | PNGEgg str.com

nikokonst

For more news click here

 

RELATED CONTENT  First luxury resort to open on Dubai’s World Islands
Add to Favorites
Airshow bookings1 COP282 COP28 occupancy figures1 CoStar Forward STAR data1 Dubai437 Dubai Airshow1 Dubai hotel sector1 Dubai inventory growth1 High season1 Hospitality sector boom1 hotel occupancy rates2 Hotel pipeline2 Hotel projects2 Hotel rooms1 In focus: Dubai's hotel rooms and occupancy rates1 Kostas Nikolaidis2 New hotel openings2 Nikolaidis optimism1 Nikolaidis statement1 Room occupancy rates1 STR28 STR Data2 Tourism arrivals1 UAE731 UAE National Day1 Winter period1
About author

Rita Ghantous

Publication Executive

Rita Ghantous is a hospitality aficionado and a passionate writer with over 9 years’ experience in journalism and 5 years experience in the hospitality sector. Her passion for the performance arts and writing, started early. At 10 years old she was praised for her solo performance of the Beatles song “All My Love” accompanied by a guitarist, and was approached by a French talent scout during her school play. However, her love for writing was stronger. Fresh out of school, she became a freelance journalist for Noun Magazine and was awarded the Silver Award Cup for Outstanding Poetry, by The International Library of Poetry (Washington DC). She studied Business Management and earned a Masters degree from Saint Joseph University (USJ), her thesis was published in the Proche-Orient, Études en Management book. She then pursued a career in the hospitality industry but didn’t give up writing, that is why she launched the Four Points by Sheraton Le Verdun Newsletter. Her love for the industry and journalism led her to Hospitality Services - the organizers of the HORECA trade show in Lebanon, Saudi Arabia, Kuwait and Jordan, as well as Salon Du Chocolat, Beirut Cooking Festival, Whisky Live and other regional shows. She is currently the Publications Executive of Hospitality News Middle East, Taste & Flavors and Lebanon Traveler. It is with ultimate devotion for her magazines that she demonstrates her hospitality savoir-faire.

Your email address will not be published. Required fields are marked *