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Dubai room rates soar as hotels hit capacity
Thomas Kurian, hotel manager at Leva Hotels, said occupancy rates were currently the highest the year so far.
“Due to the heightened demand for hotel accommodation during this period, our hotel on Sheikh Zayed Road close to the World Trade Centre has experienced a significant surge in prices, amounting to 40-50 per cent on previous weeks,” he said. “Similarly, a comparable trend in occupancy and rates has been observed across many other hotel areas around World Trade Centre, Business Bay and Downtown Dubai. “There has been a noticeable uptick in both occupancy rates and booking trends.”
Upcoming public holidays
Mr. Kurian said bookings for Ramadan, Easter and Eid showed the positive trend was likely to continue.
Dubai’s hospitality sector enjoyed a strong 2022 as tourism rebounded after the Covid pandemic.
To keep pace with demand, an extra 48,000 new rooms will become available in the UAE by 2030, with Dubai providing 76 per cent of total supply. Last year, 14.36 million international visitors arrived in the emirate, according to Dubai’s Department of Economy and Tourism data, with The Palm Jumeirah a popular destination.
Several new hotels have opened recently on the man-made island, including a new Marriott and Hilton on Palm West Beach. With public holidays due to begin in a few weeks, the busy period is expected to continue.
“During the holy month of Ramadan, we expect our hotels to be busy, as well as benefit from strong group demand and family leisure business during some of the best weeks for weather in the year,” said Aligi Gardenghi, vice president, operations, Arabian Peninsula, Hilton.
“We expect continued strong performance at our 35 hotels in the UAE in the coming months.”
https://www.thenationalnews.com/uae/2023/02/23/dubai-room-rates-soar-as-hotels-hit-capacity/
