Dubai, UAE. The number of hotel rooms in Dubai will rise to 132 thousand by the end of 2019, according to a new study by the Department of Tourism and Commercial Marketing of the emirate.
There it is noted that in the coming years, the hospitality sector expects a strong and steady growth: in 2019 the “number of days” will increase to 35.5 million per year, and the aggregate average annual growth rate in the next two years will be 10.2% in year.
The hotel occupancy forecast remains at the level of 76-78%, despite the increase in capacity, the study says. Increased competition among hotels will be fueled by increased demand from international tourists and the duration of their stay in hotels in Dubai.
At the end of 2017, the hotel fund of Dubai reached 107,431 rooms, annual growth fluctuated at the level of 4%, and occupancy rate at the level of 78%. Last year Dubai was visited by 15.79 million international tourists. As expected, the growth in the number of three- and four-star hotels will be 10% and 13%, respectively, by the end of 2019 – in the wake of rising demand.
It should be noted that at present, the preferences of tourists are already widely distributed among sectors such as shopping, restaurants, beach holidays, adventures, family entertainment and visiting events. Thus, Dubai has diversified its offer and is able to meet the needs of tourists in all categories, and not just remain a destination for a beach holiday.
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Source: Arabian Business