Dubai’s hospitality industry staged a strong rebound in 2022 as average occupancy rates climbed to 73 per cent due to tourist influx after the revival of travel and opening of international borders, latest data shows.
Dubai’s Department of Economy and Tourism (DET), which indicated 97 per cent year-on-year increase in international visitors to 14.36 million last year, said 73 per cent hotel occupancy rate in the emirate is one of the highest in the world. The average occupancy rate was 67 per cent in 2021.
“The 73 per cent occupancy rate in Dubai is much ahead of its competitors as it attracted international visitors throughout the year with quality and premium services with the help of partners such as Emirates airline, flydubai and other hospitality units of the government,” according to an industry analyst.
Referring to latest data by STR, he said hotels in Europe and Asia recorded 64.6 per cent and 52.3 per cent occupancy rate, respectively, last year.
In addition, the Middle East and Africa hotels achieved 63.6 per cent and 54.2 per cent occupancy, respectively, while North America (62.5 per cent), South America (57 per cent), Australia and Oceania (63.9 per cent) recorded much below average occupancy rate compared to Dubai.
“The 73 per cent occupancy rate in 2022 is just short of the 75 per cent occupancy in the pre-pandemic period of 2019. The high occupancy is particularly noteworthy as it was achieved despite a 16 per cent increase in room supply in 2022 compared to 2019,” according to the DET statement.
News Source: kheleej Times