DUBAI: HOTELS AVERAGE OCCUPANCY IN 2019 H1 AMONG WORLD’S HIGHEST

According to data released by Dubai Tourism the average occupancy in the emirate’s hotels in H1 of 2019 stood at 76%, one of the “highest hotel sector occupancies in the world.”

According to the tourism ministry, establishments delivered a combined 15.71 million occupied room nights during the first six months of the year, which was a 5% increase over the same period in 2018.

Spread across a total of 714 establishments, Dubai’s hotel room inventory stood at 118,345 at the end of June 2019, representing a 6% increase, which showcased continued strong investor confidence in Dubai’s tourism demand and market appetite.

Between January and June 2019, several new hotels —  Waldorf Astoria Dubai International Financial Centre, W Hotel Palm Jumeirah, Studio One Hotel, Rove at the Park at Dubai Parks and Resorts, Premier Inn Hotel Al Jadaf and Vida Emirates Hills — added to the city’s portfolio.

Luxury five-star and four-star hotels commanded 34 and 25% of the emirate’s total inventory, respectively. Properties in the one to three-star categories represented a share of 20%.

Hotel apartment establishments across the deluxe, superior and standard categories accounted for 21% of the total inventory.

Source: HotelierMiddleEast.com