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Wednesday, March 22, 2023

Dubai hotel occupancy to surge during Eid, experts say

Dubai hotel occupancy to surge during Eid, experts say

Hotels in Dubai are expecting a 20%-30% increase in occupancy shortly after Ramadan, as the long weekend is closely tied to the peak tourist season from Europe, an industry expert said.

“Dubai is likely to be one of the fastest opening cities in terms of trade and tourism in the wake of the pandemic. The expo has further fueled this rapid movement, leading to increased tourism, followed by increased hotel occupancy in 2022” Thomas Kurian, Hotel Manager, Leva Hotels explained.

“Dubai hotels ended 2022 with strong room revenue in December with an occupancy rate of 91%, and the industry has managed to maintain these rates into the new year as well.

“Having said that, the talk of impending inflation and subsequent recession will certainly change those dynamics as customers will pay more attention to what they spend and what they spend,” he added.

“Later this year, especially after April, as we move into the warmer months, we adjust our rates based on certain source market demand and expectations for lodging and extended stays.

“Currently, hotel rates will be maintained until Ramadan 2023. The outlook for Ramadan is very positive given that this period coincides with the peak tourist season in Europe and there are plans for a wide range of cultural experiences for Ramadan in Dubai,” Kurian continued.

“We expect a 15%-20% spike in occupancy shortly after the long weekend of Ramadan. This should be driven by accommodation and GCC travel demand. That being said, expect a slight decline in room rates and occupancy in the ensuing summer. However, Positive changes in travel restrictions in select source markets such as China and traditional summer source markets will maintain the positive momentum.” – trade arab news agency

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