Strong early bookings for New Year celebrations in Dubai

STR Hotel Research said that based on data up to November 25, 56.8% of the total hotel rooms in Dubai were booked for New Year’s Eve in particular, noting that the high levels of early reservations constitute a strong indicator of… The high demand confirms that Dubai remains a very popular destination for tourists during the festive period.

The company stated to “Emirates Today” that these data indicate a significant increase in demand for Dubai by 6% compared to the same period last year, at a time when other popular destinations for New Year’s Eve lovers, such as London, Tokyo and New York, record a faint growth in occupancy on the night. December 31 with levels rising by 1, 3 and 4% each, respectively.

Costas Nikolaidis, CEO of STR in the Middle East and Africa, which specializes in research, said that Dubai is recording high occupancy levels for the period between Christmas and New Year, compared to the levels of the same period last year..

Nikolaidis added that, as of November 25, 56.8% of the total hotel rooms in Dubai had been booked for New Year’s Eve in particular, according to company data. STR And a groupCostar Specialized in data and analysis of hotel and real estate markets.

He continued: These data indicate a significant increase of 6% compared to the same period last year. He explained that these high levels of early bookings constitute a strong indicator of high demand and confirmation that Dubai remains a very popular destination for visitors during the holiday period..

He said: Demand levels for Dubai have been strong since the beginning of this year, rising by 2.4% so far. At the same time, the city continues to increase the supply of hotel rooms by 2% in conjunction with the increase in demand..

He added: Other popular destinations for New Year’s Eve enthusiasts, such as London, Tokyo and New York, recorded subdued growth in occupancy on the night of December 31, with levels rising by 1, 3 and 4% for each, respectively..

The number of hotel rooms in Dubai, at the end of last October, reached more than 152.5 thousand hotel rooms within 827 hotel establishments, compared to about 149 thousand hotel rooms within 818 establishments at the end of October 2023..