By the end of 2015, the UAE is forecasted to see a year-on-year increase of 5.7 per cent compared with 2014, in the number of foreigners who stay overnight in hotels, a recent report shows.
The total number of overnight stays in UAE hotels will reach 51.5 million by the end of this year, says the report issued by Business Monitor International, expecting this upward trend to continue over the next three months with a growth rate of between four and 5.5 per cent, reports UAE-based Al Bayan.
According to the report, the average length of stay in the state’s hotels during 2015 will amount to 3.3 nights, with forecasts that it will rise to 3.4 nights over the next three years, with the average occupancy in UAE hotels expected to reach 72.7 per cent by the end of 2015.
The report adds that the hospitality sector in the UAE has positive future expectations with hotel revenues this year are expected to reach AED26.8 billion and to grow to AED40bn in 2019.
Inflow of tourists is also expected to more than double by 2020 and the number of tourists coming to the emirate is to reach more than 25m visitors a year by the time of the opening of Expo 2020.