Standard performance for Dubai Hotels in the past 3 years

STR Global, which specializes in hotel research and consulting, confirmed that during the past three years, the hotel market has recorded record performance levels in the occupancy indicators, despite the entry of 26.6 thousand new hotel rooms to service over the past five years (since 2019).

The Foundation stated in a study of it, “Emirates Today” obtained a copy of it, that the number of visitors to Dubai was reflected in the occupancy levels in the emirate’s hotels, which in turn continued to record growth rates compared to the levels of last year.

She added, “The events have always been a major driver to demand the hospitality industry in the region, including Dubai, which hosted the Expo 2020 Dubai,” noting that the Middle East region in the past two decades has witnessed tremendous growth in tourism and hotels, while the main destinations have doubled stock The hotel rooms have.

The Foundation pointed out that the hotel market in the emirate continues to grow with more new projects entering service, pointing out that the number of hotel rooms is “under construction” in Dubai, which is expected to enter the market during the coming period, up to about 20 thousand rooms.

It is noteworthy that Dubai achieved a new achievement during the year 2024 as it received more than 18.72 million international visitors, an increase of 9% compared to 2023, in which it hosted 17.15 million visitors.

The latest statistics of the Dubai Economy and Tourism Department for the numbers of international visitors and the performance and indicators of the hospitality sector for the year 2024 showed that the number of hotel rooms available in Dubai at the end of last December reached 154.016 hotel rooms in 832 facilities compared to 150,291 hotel rooms in 821 facilities in 2023, what Dubai clearly advances to main cities such as New York, Bangkok, Paris and Singapore.

. 20 thousand hotel rooms “under construction” in Dubai, and it is expected to enter the market during the coming period.