It recorded a growth of 18.5% during the first 4 months of 2022
Dubai hotel revenues exceed pre-Covid-19 levels
The hotel market in Dubai continues to record strong performance rates in various indicators.
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The latest data issued by the Department of Economy and Tourism in Dubai showed that the average return on a room in the hotel market in the emirate amounted to 488 dirhams during the first four months of this year, compared to 412 dirhams in the same period in 2019, with a growth rate of about 18.5%, which is A rate that exceeds the levels recorded before the pandemic of the emerging coronavirus (Covid-19).
Hospitality officials expected to achieve unprecedented revenues in 2022, stressing that the hotel sector continued to perform exceptionally.
average yield
In detail, the latest data issued by the Department of Economy and Tourism in Dubai showed that the average return on a single hotel room in the hotel market in the emirate amounted to 488 dirhams during the first four months of this year, compared to 412 dirhams in the same period in 2019, with a growth rate of 18.5 %, a rate that exceeds the levels recorded before the "Covid-19" pandemic.
According to the data obtained by "Emirates Today", the hotel market in Dubai has continued to record strong performance rates in various indicators (occupancy, return, daily price, as well as the size of the hotel market) since the beginning of 2021, accelerating to higher levels in the fourth quarter. The last of 2021, and the first quarter of 2022.
The number of rooms
The average return on rooms exceeded pre-pandemic levels, despite the large number of hotel rooms that entered service, as the data showed an increase in the total number of hotel rooms in Dubai from 118,400 rooms within 722 hotel facilities during the period between January and April 2019 to 140.3 thousand rooms Hotel facilities within 769 hotel establishments, with a growth rate of about 18.5%.
Unprecedented revenue
George Ghaly, Director of The First Collection, Jumeirah Village Circle and Dolphin Tower in Business Bay, said: “We expect to achieve unprecedented revenues in 2022, thanks to the constructive and fruitful partnership with the Department of Economy and Tourism in Dubai, which gives us an opportunity Explore new markets,” noting that the recovery of the business travel sector and the return of major events in Dubai will support the group’s comprehensive strategy, in addition to its expectations of an increase in the average daily price of rooms.
He added: “Dubai has worked very hard over the past decade, to diversify from the attractions of various new sectors in the travel market, whether for business or leisure, and despite its global reputation in the past as one of the best luxury travel destinations in the world, the tourism offers in the city are currently It is more diverse than it was 10 years ago.”
exceptional performance
Ghali continued: "The efforts of the Emirate of Dubai, the world's leading to combat the pandemic (Covid-19), helped to consolidate its position as one of the most popular destinations in the world during 2021, in which the hotel sector in Dubai witnessed a significant increase in the number of nights of accommodation sold compared to the year 2020." .
He stressed that the hotel sector continued its exceptional performance in 2022, at a time when a significant jump in the average daily price of rooms is expected by more than 30% compared to 2021.
Performance indicators
In turn, the general manager of Tamani Marina Hotel, Walid Al-Awa, said that the great demand for tourism in Dubai during the recent period has raised various performance indicators, including average returns and prices, noting that the hotel recorded a 20% growth in the average return on Hotel rooms during the first quarter of this year, compared to the same period in 2019, i.e. before the "Covid-19" pandemic.
Al-Awa stated that the activities of Expo 2020 Dubai, and the strong return of the business and conference tourism sector, as well as the remarkable demand for recreational tourism, raised occupancy rates by large proportions, pointing out that the demand exceeded the available supply of hotel rooms, which contributed to raising prices and thus the average return. .
Al-Awa expected that the tourism sector in Dubai will continue during the current year and the remaining period, strong performance levels compared to pre-pandemic rates, stressing that Dubai is a global tourist destination that has many elements of attraction from various markets around the world.
big recovery
In the same context, Munther Darwish, Executive Director of Palazzo Versace Dubai Hotel and founder of Palazzo Hospitality Company, Munther Darwish, said that the hotel market in Dubai has continued to record strong performance rates since 2021, pointing out that demand has exceeded the levels of available supply of hotel rooms in an indication On a strong return and a significant recovery of the tourism sector in the emirate.
Darwish stated that the average prices for the facility increased by 50% during the first quarter of this year compared to the same period in 2019, noting that this was largely reflected in the increase in revenues.
He pointed out that a large percentage of about 60% of the hotel's guests came from international markets.
yield and price
The “average room return” is calculated by dividing the total revenue by the actual number of rooms available in the hotel establishment, while the “average price” is calculated by dividing the total revenue by the rooms sold only.
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