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Dubai hotel revenues rise 17% in 2013 to $4.1bn

Profile Photo By: H L
November 12, 2013

Dubai hotel revenues rise 17% in 2013 to $4.1bn

Atlantis hotel seen with The Palm Jumeirah in DubaiHoteliers and hotel apartment operators experienced significant growth in revenues, with total revenues for the first nine months of the year up by 17.1 percent, reaching AED15.33bn ($4.16bn).

The latest visitor number results, released by Dubai’s Department of Tourism and Commerce Marketing (DTCM) on the sidelines of World Travel Market in London, showed increases across hotel establishment guests, room occupancy levels, hotel and hotel apartment revenues and average length of stay.

During the first nine months of the year, guest numbers across all hotels and hotel apartments reached 7,941,118.

Hotel room occupancy averaged 78.6 percent over the nine month period, up 3.1 percent compared to the same period in 2012 and hotel apartment occupancy also saw steady growth, up 7.3 percent to 81 percent, the figures showed.

Average length of stay across hotels and hotel apartments between January and September rose 3.5 percent year-on-year to 3.9 days, they also showed.

Total guest nights also recorded similarly impressive rises, up 13.7 per cent to 30,874,916 from 27,163,974 in the first nine months of 2012.

Helal Saeed Almarri, director-general of DTCM, said: “These latest visitor figures show a steady and consistent increase across the key indicators that are critical in order to achieve our Tourism Vision for 2020. With guest numbers, room nights and length of stay all increasing, we have made positive early steps which demonstrate that while our aims are ambitious, they are achievable.

“A 17.1 percent increase in revenues for hotels is particularly encouraging, especially given the number of new establishments which have entered the market this year. This demonstrates that Dubai continues to represent a major opportunity for hotel developers and that we must continue to work to ensure that supply is meeting demand.”

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Source Hotelier Middle East, http://www.hoteliermiddleeast.com/18691-dubai-hotel-revenues-rise-17-in-2013-to-41bn/#.UoHETpT-Ii4

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