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Monday, April 22, 2024

GuestReady sees 202% growth in UAE through 2022


GuestReady, the world’s leading hospitality and real estate technology company, said its sales in the UAE will grow by 220% year-on-year in 2022, compared with a global growth rate of 42%.

It added that the firm’s UAE office is one of the top three leading the company’s global growth in 2022, adding that its managed properties in the UAE also grew by 155%, compared with a global growth rate of 49%, and currently It manages more than 400 properties in Dubai.

According to Reem Alkhatib, GuestReady’s regional general manager, the growth is a combination of the company’s approach and technology, an increasingly robust regulatory framework and a positive market outlook.

“At GuestReady, we combine global best practices, technology and local expertise with a guest-centric approach, and we manage properties and guest experiences that rival any luxury hotel. This approach has and will continue to help We take advantage of an increasingly favorable regulatory framework and strong inbound tourism growth forecasts across the region,” Alkhatib said.

Inbound tourism to the Middle East will see the strongest relative growth in 2022, reaching 83% of pre-pandemic levels, according to the United Nations World Tourism Organization. This growth is expected to continue growing to pre-pandemic levels throughout 2023.

Meanwhile, a flurry of announcements and initiatives to boost the short-term rental ecosystem may encourage these strong inbound tourism results and lend more confidence to forecasts for 2023. These include the launch of the Dubai Digital Nomad Visa in 2021, and Dubai’s ranking as the world’s third best city for digital nomads in 2022.

To further boost its growing traveler base, Airbnb is also announcing the launch of the Dubai Remote Work Hub, a one-stop shop for aspiring remote workers, in partnership with the Dubai Department of Economy and Tourism (DET) in late 2022. Dubai Business Events, part of the DET, was also announced in early 2023 and is expected to see more than 135,000 business event travelers in the coming years.

According to AlKhatib, the growth of GuestReady and the growth of the entire short-term ecosystem is benefiting both hosts and travelers looking for increasingly flexible and convenient accommodations: Owners of the properties we manage are rewarded handsomely, but the city really offers great value for money when it comes to short-term rental homes for leisure and business travelers alike.”

“Available accommodation and the overall experience of the destination are critical to today’s short-term rental guest, and with a range of beautiful properties across Dubai, our technology, including virtual guides and access to our guest experience team, allows those staying The folks at GuestReady manage the property to fully enjoy all that the city has to offer,” Alkhatib added.

Bluewater Island Dubai’s most popular short-term rental area
According to GuestReady, the most popular location in Dubai for short-term renters is the vibrant lifestyle destination Bluewater Island, followed by the iconic Palm Jumeirah, which has been made possible by a series of new dining and entertainment experiences in recent years. Revival.

According to GuestReady, the third most popular neighborhood is Dubai City Avenue, followed by Jumeirah Beach Apartments and Dubai Marina. Rounding out the top five is Downtown Dubai, which remains a popular destination for both leisure and business travelers due to its proximity to DIFC and key attractions such as the World Trade Center and The Dubai Mall.

GuestReady poised for continued growth
To support GuestReady’s growth in 2022 and ensure the company is ready for continued growth in 2023, the UAE office will grow by 429% in 2022.

“With deep roots in the region, GuestReady will be well positioned for another year of exceptional growth in the region by delivering exceptional value to our hosts and an exceptional experience for our guests,” said AlKhatib.

With a presence in more than 30 cities around the world since 2016, GuestReady has been adding value for property owners and short-term renters, allowing both guests and property owners to get the most out of every stay. – trade arab news agency


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