According to the Minister of Economy, hotels in the United Arab Emirates saw a 3% increase in revenue last year, reaching Dh45 billion ($12.3 billion), which was indicative of a strong recovery in the nation’s tourism industry.
During that time, the hotel occupancy rate reached 78%, one of the highest in the region and the world. The Minister of Economy, Abdulla bin Touq, stated on Monday that 30.8 million people stayed in hotels in the Emirates last year, a 9.5% increase over the same period in 2023.
According to Mr. bin Touq, the chairman of the UAE Tourism Council, this amounts to 77% of the hotel guest objective established under the National Tourism Strategy 2031. With the present growth trajectory, we are well on our way to reaching the strategy’s lofty target of drawing 40 million hotel visitors,” he stated.
By the end of the year, there were 1,251 hotels in the nation, thanks to the opening of 16 new hotels spread among the seven emirates. Additionally, the number of hotel rooms increased, rising by 3% to 216,966 by the end of 2024.
Launched in November 2022, the National tourist Strategy 2031 seeks to bring Dh100 billion in tourist investment to the United Arab Emirates and 40 million hotel visitors by 2031.
Sheikh Mohammed bin Rashid, the Vice President and Ruler of Dubai, stated in 2022 that the plan should increase the tourism sector’s share of the GDP by Dh27 billion year, reaching Dh450 billion by 2031.
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