According to leading real estate consultancy group Jones Lang LaSalle, the hospitality sector in the UAE will maintain steady activity between January and November 2022, with Dubai hotel occupancy rates surging 72% during the first 11 months.
Meanwhile, JLL said in its UAE 2022 review that the average daily rate (ADR) in the city rose 22% year-on-year to $184.
With around 6,800 keys completed in 2022, Dubai’s hotel inventory rises to 148,000, with the majority of deliveries comprising 4- and 5-star hotels, while the increase of 600 keys brings the total supply of hotel and hotel apartment keys in the capital to The volume increased to over 32,000 keys.
In the upcoming year, about 13,000 more keys are planned in Dubai, while Abu Dhabi expects to deliver another 400 keys, JLL said in the report.
According to Dubai Economy and Tourism (DET), the emirate received 12.82 million overnight visitors between January and November 2022. Compared to the same period in 2021 (6.02 million), although still 15% (approximately) below pre-pandemic levels.
Furthermore, additional data from DET shows that while tourist arrivals from the top 10 source markets are generally close to pre-pandemic levels, China is the exception in the first 11 months of 2022.
It added that while this could be attributed to the country’s zero-Covid policy, the recently eased rules should boost the country’s tourist numbers going forward.
In Abu Dhabi’s case, JLL said its occupancy rate climbed to 69% in the first 11 months of last year (up from 66% in the same period in 2021), and ADR jumped 29% to $119.
Several hotels in Dubai and Abu Dhabi reported being fully booked by the end of last year due to a surge in demand due to Formula 1 events in the UAE capital and the FIFA World Cup in Doha..-TradeArabia News Service