The British "STR" Foundation, which specializes in research and consulting, reported that the hotel market in Dubai recorded a significant growth in the levels of supply and demand during last November, compared to the same month last year, explaining that the new supply recorded a growth of 8.8%, while it grew The demand for hotel accommodation is 8.9%.
The company stated, in a report on the performance of the hospitality sector in the emirate, yesterday that the average hotel occupancy rates reached 84.4%, during November 2019, indicating that the average price of the hotel room amounted to more than 610 dirhams, while the return per room reached about 515 dirhams. Significant growth levels in occupancy and demand, compared to the previous month, despite the significant growth in the new hotel supply that entered the market.
The report, of which Emirates Today obtained a copy, indicated that supply and demand have grown at the same healthy pace during the past month, noting that the growth in the Chamber's revenues increased by two digits during the first three days of the Dubai Air Show.
It is noteworthy that Dubai received more than 13.5 million international visitors during the first 10 months of this year, equivalent to 1.35 million visitors per month, compared to 12.88 million visitors in the same period last year, with a growth rate of 4.81%.
According to the data of the Department of Tourism and Commerce Marketing in Dubai, the number of hotel rooms increased, by the end of October 2019, to 122,185 rooms, compared to 113,509 rooms by the end of October 2018, representing 7.64% growth.
8.8%
Growth in supply
The new hotel
Dubai last month.
13.5
One million international visitors
Dubai welcomed them
Within 10 months.