The occupancy rate in the UAE hotels from January to October jumped 13.6 per cent annually with Dubai recording the highest growth rate at 14.9 per cent, a new report from CBRE said. Reuters
The occupancy rate in the UAE hotels from January to October jumped 13.6 per cent annually with Dubai recording the highest growth rate at 14.9 per cent, a new report from CBRE said. Reuters
The occupancy rate in the UAE hotels from January to October jumped 13.6 per cent annually with Dubai recording the highest growth rate at 14.9 per cent, a new report from CBRE said. Reuters
The occupancy rate in the UAE hotels from January to October jumped 13.6 per cent annually with Dubai recording the highest growth rate at 14.9 per cent, a new report from CBRE said. Reuters

Dubai hotels record 16.8% jump in occupancy as tourism sector continues to recover


Fareed Rahman
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Hotels in Dubai recorded a 16.8 per cent surge in occupancy in the first 10 months of the year as the Emirate's tourism sector continues to recover from the coronavirus pandemic.

The average daily rate as well as revenue per available room (RevPar) in Dubai rose 14.9 per cent and 57.1 per cent, respectively, from January to October, according to a report from global consultancy CBRE.

RevPar is a key performance metric calculated by multiplying a hotel’s average daily room rate by its occupancy rate.

Hotel occupancy across the UAE, meanwhile, rose 13.6 per cent during the period with RevPar surging by 44.9 per cent, as per the CBRE estimates.

“In October 2021, with the commencement of Expo 2020 and increasing levels of international visitation, we have seen a significant uplift in KPIs in the UAE,” the report said.

“The average occupancy rate across the UAE in October registered at 78.8 per cent, the highest level recorded in October since October 2015. As of October 2021, Dubai recorded the highest occupancy rate of 80.7 per cent.”

Expo 2020 Dubai has been attracting a large number of visitors. The global trade fair recorded 3 million visits in the first five weeks since it started on October 1, official data shows.

“With growing international visitation, an increasing number of global locations re-entering lockdowns and a number of planned events at Expo 2020, we envisage both international and domestic leisure tourism, combined with returning corporate tourism, will continue to underpin strong performance levels across the UAE,” said Taimur Khan, head of research, Mena at CBRE in Dubai.

Dubai International Airport has also seen a sustained recovery in daily flights in recent months as the country largely remains open to visitors from across the globe. Dubai’s percentage increase in the average number of daily flights from November 1 to November 21 stands almost three times higher than the 33.7 per cent increase seen globally, CBRE said.

“Whilst Dubai’s total flight and passenger numbers still sit a material level below pre-pandemic levels, Dubai International Airport is expected to return to full operational capacity in the coming weeks and return to pre-pandemic levels within a year,” it said.

Dubai's non-oil economy continued to grow in October, with business conditions registering the sharpest improvement in two years, boosted by a strong rebound in new orders and Expo 2020 reviving tourism.

The seasonally adjusted IHS Markit Dubai Purchasing Managers' Index surged to 54.5 in October, from 51.5 in September, the highest level since October 2019. A reading above 50 indicates economic expansion while one below points to a contraction.

The UAE has also reached a major milestone in its coronavirus vaccination campaign, as 100 per cent of eligible people have received their first dose. More than 90 per cent have received both doses, the National Emergency Crisis and Disaster Management Authority said.

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Which honey takes your fancy?

Al Ghaf Honey

The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year

Sidr Honey

The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest

Samar Honey

The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments

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Updated: November 28, 2021, 1:47 PM