Dubai hotels are upbeat over the current year’s outlook as occupancy in the emirate’s various hotels averaged 90 per cent and sometimes even reached 100 per cent in the past four months.
Industry sources expect 6.5 million tourists and visitors to visit the emirate in the first half of the current year, compared with 6mn in the same period last year.
In total, Dubai hit a record high in 2014 after receiving 13.2mn tourists and plans to attract 20mn by 2020.
“The hotel sector in Dubai continues for the seventh year in a row to achieve strong growth rates in terms of occupancy rates or visitors numbers or revenues, despite the rapid growth in the number of hotels in the emirate,” Al-Bayan quotes Hussein Hashem, Cluster General Manager – Al Bustan Rotana and Al Murooj Rotana, as saying.
The remarkable growth of hotel occupancy rates in the Jan-April period is primarily driven by various high-profile events and exhibitions held in the emirate.
In 2014, Dubai’s hotels posted AED23.9 billion (AED1 = $0.2722 as of the time this story was published) in revenue, up by 9.8 per cent from AED21.8bn in 2013. This upward trend is projected to go up even higher in 2015.
The industry sources said that room rates edged down by 10 to 15 per cent because of the rising number of room capacity in the emirate.
There are currently about 93,000 hotel rooms in Dubai, compared with 82,000 in 2014.