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Dubai Hotel market continues recovery in 2021

Business Dubai 13 Aug 21
Dubai Hotel market continues recovery in 2021
The UAE hotel market is continuing to experience signs of recovery and will see an additional boost with the arrival of tourists from all corners of the globe for Expo 2020
Fee
Event Location
Dubai, Dubai
Area
Dubai
Start Time
13 August 2021, 12:00 AM
End Time
31 August 2021, 12:00 AM
Website

UAE hospitality sector will see an additional boost later this year with the delivery of new supply into the market and the arrival of tourists from all corners of the globe for Expo 2020 Dubai, according to JLL’s latest UAE Real Estate Market Performance report.

Wego, who specializes in travel services and online booking, said about the increase in demand in Dubai and the rapid recovery of the business tourism sector, in light of the preparations for Dubai Expo 2020, hotels have started allocating packages and offers for visitors to the exhibition.

Dubai Tourism statistics show that the Emirate has 2.06 million international visitors staying overnight from January to May 2021.

JLL says the city’s new supply includes a host of four-star hotels, which makes up the majority of projects that are under construction (49%), along with a number of new five-star properties (37%).
“The balance between four and five star hotels comes as no surprise and is in line with Dubai’s expanding tourism base,” said Dana Salbak, Head of Research, MENA at JLL.

“Offering more mid-segment and affordable hotel stays without compromising on quality has been a part of Dubai’s strategy to attract visitors from various destinations and comes in light of the high visitation numbers that are anticipated for Expo.”

The report also shows how hotel occupancy levels in Dubai have steadily improved this year, recorded at 58% in year to (YT) May 2021, compared to 46% for YT May 2020.

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