Hotel room revenues in Dubai for the first five months of 2024 totaled approximately 8.76 billion dirhams, showing a growth of 10.5% compared to the same period last year, according to Al Khaleej analysis. The number of nights booked in Dubai hotels increased by 4% to 18.34 million nights between January and May of this year. The average room revenue was 478 dirhams, with an average room price of 563 dirhams.
Data from the Department of Economy and Tourism indicated that the average return on hotel rooms in Dubai rose by 7% to 478 dirhams, compared to 448 dirhams in the previous year. This positive performance was supported by increased visitor flows from various global markets. The total accommodation capacity in Dubai hotels also increased to about 150.2 thousand hotel rooms by the end of May, dispersed across 822 hotels and hotel apartment facilities.
Dubai hotels have shown consistent growth in revenue per available room, average daily rate, number of nights booked, hotel capacity, and number of establishments. The future outlook for the hotel sector in Dubai remains optimistic, with continued demand for hotel rooms expected due to global events and Dubai’s appeal as a tourist destination. The city’s commitment to enhancing its tourism sector and providing exceptional experiences for visitors contributes to its position as a prominent global tourist destination.
Dubai continues to invest in its tourism infrastructure and prioritize high-quality services to ensure visitor comfort and satisfaction, paving the way for sustainable growth in the hotel sector in the future. The city’s commitment to excellence and innovation in the tourism industry sets the stage for continued success and growth in the hotel sector in Dubai.