After opening 2054 new hotel rooms during the first quarter

Colliers: 2022 is a strong year for the hospitality sector in Dubai

• The branded hospitality market has reached 116,330 hotel rooms.

  Cinematography: Mostafa Qassemi

• James Wren: "Dubai is a very attractive tourist market for investors, given its reputation as one of the most visited cities in the world."

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Colliers International for consultancy studies revealed that 2,054 new hotel rooms were opened in Dubai during the first quarter of 2022, stressing that Dubai is a very attractive tourist market for investors, given its solid reputation as one of the most attractive cities for visitors in the world.

The Foundation stated to "Emirates Today" that expectations indicate that 2022 as a whole will be a strong year for the hospitality sector in Dubai, as the impact of "Expo 2020 Dubai" has already emerged as of the first quarter, in what is expected to bring the FIFA World Cup in Qatar traffic. Additional in November and December.

market for investors

In detail, James Wren, head of the hotel consultancy department at Colliers International for consultancy studies in the Middle East, said that Dubai is a very attractive tourist market for investors, due to its well-established reputation as one of the most attractive cities for visitors in the world, and the fact that it has a very diverse group of The exporting markets for visitors to it, pointing out that tourism is a mainstay of the emirate's economy and a major hub for government support and investment.

hotel market

He added that the performance of the hotel market in Dubai, and its strong recovery after the “Covid-19” pandemic, is the biggest evidence of this, pointing to the attractiveness of hotel investment in it, as 2054 hotel rooms were opened in the Dubai market during the first quarter of 2022, including “Resort Anantara, which includes 70 suites, was opened at The World Islands.

He stated that the hospitality sector is working very well, as certain sectors of the hospitality market have already achieved levels close to 2019 in terms of results, such as the luxury beach resorts sector, expecting that 2022 will be a strong year for the hospitality sector, as the impact of “Expo 2020 Dubai” has already emerged. Starting in the first quarter, the FIFA World Cup Qatar is expected to bring additional traffic in November and December.

He continued, "In general, the hospitality market in the UAE witnessed a growth in jobs, and the average price of an average hotel room, due to the increase in the number of international visitors to Dubai, in conjunction with the activities of (Expo 2020 Dubai), which in six months attracted more than 24 million visits."

Occupancy levels

Wren stated that hotel occupancy levels in the UAE market during the first quarter of this year achieved a total increase of 24% compared to the same period last year, across the Emirates, with Dubai achieving the highest increase by (33%), followed by Sharjah (30%). ).

Dubai also achieved an increase in the average daily room rate by 56% compared to the same period last year.

He pointed out that the branded hospitality market in the UAE reached 116,330 hotel rooms by the end of the first quarter of 2022, noting that Dubai accounts for a large part of this number.

Wren expected that the number of hotel rooms in the UAE market will increase at a compound annual growth rate of 6% between 2022 and 2024, and 13,900 additional rooms are expected to open in the same period.

International visitors

Data from the Department of Economy and Tourism in Dubai showed that the emirate received 5.1 million international tourists during the first four months of this year, compared to about 1.68 million tourists in the same period in 2021, with a growth rate of more than 203%.

International tourists recorded more than 12.65 million nights of overnight stay, compared to 9.47 million overnight stays in the corresponding period, with a growth rate of 33.5%.

According to data obtained by "Emirates Today", the number of hotel rooms in Dubai at the end of last April reached 140,363 hotel rooms within 769 hotel establishments, compared to 128 thousand and 12 hotel rooms within 714 facilities at the end of April 2021.

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