The UAE’s resort sector posted document ends in 2024 — earlier than the latest world market turmoil. Abdulla bin Touq Al Marri, UAE Minister of Economic system and Chairman of the Emirates Tourism Council, announced that resort revenues within the nation reached roughly 45 billion Emirati Dirhams (US$12.3 billion) final yr — a 3% year-over-year enhance.
Resort occupancy hit 78%, one of many highest globally, supported by the launch of 16 new properties. That introduced the full variety of motels to 1,251 and boosted the nation’s room provide to just about 217,000.
In 2024, resort visitor numbers reached 30.8 million — a 9.5% rise.
“We’re centered on constructing capability, fostering Emirati participation, and driving larger funding throughout all areas of the tourism ecosystem,” stated Bin Touq.
In January and February, Dubai, the most well-liked emirate within the UAE for tourism, had a 4% year-on-year rise to 3.82 million international visits.
It is unclear whether or not the momentum can carry into 2025. Skift Research has lowered its 2025 world journey development forecast to 2% to five%, down from the 6% to 9% projected at first of the yr.
Dubai’s tourism is much less tied to the Americas than from European and Asian markets. As much as February this yr, 260,000 vacationers from the Americas visited Dubai, in comparison with effectively over one million from Asia and Europe.
In 2020, whereas world journey tanked, key Center Jap locations managed to remain afloat by way of home enterprise. In Dubai, home tourism accounted for 52% of all hotel guests, or 4.55 million. Home vacationers had beforehand accounted for 20-25% of Dubai’s resort friends. Throughout the UAE in 2020, home tourism accounted for $11.3 billion of the $19.4 billion tourism generated that yr.
Lodging Sector Inventory Index Efficiency Yr-to-Date
What am I taking a look at? The efficiency of motels and short-term rental sector shares throughout the ST200. The index consists of firms publicly traded throughout world markets, together with worldwide and regional resort manufacturers, resort REITs, resort administration firms, various lodging, and timeshares.
The Skift Journey 200 (ST200) combines the monetary efficiency of practically 200 journey firms value greater than a trillion {dollars} right into a single quantity. See more hotels and short-term rental financial sector performance.
Read the full methodology behind the Skift Travel 200.
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