The UAE market achieved a growth in hotel occupancy during the second quarter
Colliers: Dubai witnesses the opening of 40% of the expected hotel supply
The opening coincides with Expo 2020 Dubai.
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Colliers International Consulting said that the available supply of hotel rooms in world-class properties in the UAE had reached 108,40 rooms by the end of the second quarter of 2021, with Dubai acquiring the largest share of the new supply, followed by Abu Dhabi.
In its report for the second quarter of 2021, the company expected that Dubai will witness the opening of about 40% of the expected future supply for 2021, coinciding with the start of Expo 2020 Dubai next October.
The company added: "All emirates of the country witnessed a growth in the hotel occupancy rate, during the second quarter of this year, compared to the same period last year, as a result of easing travel restrictions and increasing the number of stays from domestic tourism."
The UAE market witnessed a 16% decrease in hotel occupancy levels, compared to the second quarter of 2019, while Dubai and Sharjah hotels achieved the highest growth in occupancy levels by 26%, compared to last year.
The company attributed this to the increase in accommodation from domestic tourism, especially during the Eid al-Fitr holiday, noting that the UAE market in general witnessed a 23% increase in revenue per available hotel room, compared to the same period last year.
Dubai, Ras al-Khaimah and Fujairah recorded a positive change in the average daily price, compared to the second quarter of 2020.
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