Abu Dhabi is set to achieve its annual tourism target as hotels and hotel apartments reported strong growth in guest arrivals and revenues during the first nine months.
The 156 hotels and hotel apartments in the emirate recorded a 26 per cent year-on-year increase in the number of guests to 2.49 million during the period, compared to its annual target of 3.1 million, according to Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi).
The emirate added eight hotels since the end of September last year, accounting for more than 2,000 rooms.
Among the new entrants:
• The French hotel operator Accor opened the four-star Novotel Abu Dhabi Al Bustan with 361 rooms in March and the Adagio Abu Dhabi Al Bustan with 279 apartments in July.
• Abu Dhabi’s Bin Ham group opened the five-star Royal Rose Hotel with 355 rooms in March.
• Dubai-based Time Hotels Management opened Zakher Time Residence with 68 one-bedroom and studio apartments in October.
Overall, the emirate had 7,348 rooms in various stages of planning and construction at the end of September, with more than 5,000 of these in the luxury and upper upscale segments, according to the consultancy STR Global. Abu Dhabi had 22,093 rooms at the end of September, more than 10,000 of which are in the same high-end categories.
The guests stayed an average of three nights in the emirate, and occupancy levels rose 7 per cent to 73 per cent.
Competitive room rates compared to Dubai have also helped to sell Abu Dhabi’s hotel rooms.
In September, the average room rate in Abu Dhabi reached $128.96, an increase of 4.2 per cent, compared to $231.36 in Dubai, according to TRI Consulting’s monthly HotStats report. Dubai room rates decreased 3.2 per cent over last September.
During the first three quarters of this year, revenues for Abu Dhabi hotels touched Dh4.268 billion, a 15 per cent growth year-on-year.
Of this, Dh2.17bn, a 16 per cent rise, came from room sales and Dh1.62bn from food and beverage income, which rose 12 per cent.
ssahoo@thenational.ae
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Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
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UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Company%20Profile
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The specs
Engine: 3.0-litre twin-turbo flat-six
Power: 480hp at 6,500rpm
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The specs
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Teaching your child to save
Pre-school (three - five years)
You can’t yet talk about investing or borrowing, but introduce a “classic” money bank and start putting gifts and allowances away. When the child wants a specific toy, have them save for it and help them track their progress.
Early childhood (six - eight years)
Replace the money bank with three jars labelled ‘saving’, ‘spending’ and ‘sharing’. Have the child divide their allowance into the three jars each week and explain their choices in splitting their pocket money. A guide could be 25 per cent saving, 50 per cent spending, 25 per cent for charity and gift-giving.
Middle childhood (nine - 11 years)
Open a bank savings account and help your child establish a budget and set a savings goal. Introduce the notion of ‘paying yourself first’ by putting away savings as soon as your allowance is paid.
Young teens (12 - 14 years)
Change your child’s allowance from weekly to monthly and help them pinpoint long-range goals such as a trip, so they can start longer-term saving and find new ways to increase their saving.
Teenage (15 - 18 years)
Discuss mutual expectations about university costs and identify what they can help fund and set goals. Don’t pay for everything, so they can experience the pride of contributing.
Young adulthood (19 - 22 years)
Discuss post-graduation plans and future life goals, quantify expenses such as first apartment, work wardrobe, holidays and help them continue to save towards these goals.
* JP Morgan Private Bank
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Started: March, 2020
Co-founders: Sami Elayan, Saed Elayan and Zaid Azzouka
Based: Dubai
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Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
What is a calorie?
A food calorie, or kilocalorie, is a measure of nutritional energy generated from what is consumed.
One calorie, is the amount of heat needed to raise the temperature of 1 kilogram of water by 1°C.
A kilocalorie represents a 1,000 true calories of energy.
Energy density figures are often quoted as calories per serving, with one gram of fat in food containing nine calories, and a gram of protein or carbohydrate providing about four.
Alcohol contains about seven calories a gram.
THE SPECS
Engine: 1.5-litre
Transmission: 6-speed automatic
Power: 110 horsepower
Torque: 147Nm
Price: From Dh59,700
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