0000005214 00000 n 0000140888 00000 n 0000004608 00000 n 0000082631 00000 n This extensive research lays the foundation for the HVS Annual Middle East Hotel Survey, which has been conducted and published by HVS over the last 15 years. 0000162901 00000 n While all three markets have been on a declining trend since 2014, Dubai rebounded in 2018, with 12 percent y-o-y growth in ADR, while the Northern Emirates’ ADR levels seem to have bottomed out. As the UAE continues on a path of sustained economic growth and real estate development, the country is facing challenges, with the recent economic stagnation and the imbalance between supply and demand. An upward trend in ADR was observed in Dubai from 2011 to 2014 with four consecutive years of growth, in contrast with a declining trend in Abu Dhabi and the Northern Emirates. h�b``�d``�����`{�A���b�,O/h��l���h&7�C�?`^zZ�C9�`���A!�ԉRJ+�{ʹj՚��ʦ� ��f���� �++���8�Z�r&�1+x�!���G��Yd�1�ens�� 76 M� �}LiiH"����JJp>������P,���IH;�X�4?���;T&H9L8P�ʰ�!�y���M��\�L1�7� �8�1�b���E���}��x���FR9�GY&p]���P���Ľ��:H u[0�0F0fHpt�k``Z�p ��6��/�i�040�+�M�w8���y� �lP�4��U�H��8,�8@��s���T ��$��] ln endstream endobj 118 0 obj <>>> endobj 119 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC/ImageI]/XObject<>>>/Rotate 0/Thumb 110 0 R/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 120 0 obj <>stream Since 2013, Abu Dhabi has overpenetrated the country average, on account of increased visitation from key source markets and a diversified tourism offering focused on family entertainment, business, arts and culture, and medical wellness. �O�{����E�~�v����zE���Ro�w�;�W�W�7�P[�[�ے����+hKm��Z��c�c�Z�=��&��%���Po�� The Northern Emirates have remained below the country average since 2014, due to the variance in maturity level of tourism infrastructure across these emirates, as well as the number of tourism arrivals; however a positive growth trend has been registered since 2016. As a result of Abu Dhabi’s repositioning as a leisure and cultural destination, coupled with upcoming development projects, the city is expected to register strong growth in RevPAR in the next 10 years. AHIC Village, Ras Al Khaimah, UAE The Regional and UAE Hotel Market: An HVS Outlook Talal Yousif Director HVS Dubai - 2 - An overview and analysis of the performance of the Middle East and North African markets, based on actual historical data from a comprehensive sample: A review of the latest hotel performance indicators, outlook and insights on the UAE hotel market, focusing on the Emirates of Dubai, Abu Dhabi, and the Northern Emirates of Sharjah, Ras Al Khaimah, Ajman and Fujairah, from Talal Yousif, Director of HVS. 0000003759 00000 n According to a recent MasterCard study1, Dubai is ranked fourth in terms of international overnight visitors. 0000010292 00000 n Indeed, in an effort to boost tourism and encourage investment, the Department of Culture and Tourism – Abu Dhabi (DCTA) has recently announced that the overall tourism and municipality fees for hotels in Abu Dhabi would be reduced from 10 percent to 5.5 percent (tourism fee down from 6 percent to 3.5 percent and municipality fee down from 4 percent to 2 percent. RAK has also consistently outperformed Abu Dhabi in ADR performance over the last five years, except in 2017. 0000007359 00000 n In 2006, for instance, the United Arab Emirates (UAE) received more than six million tourists from around the world. Abu Dhabi is expected to register 7 percent growth in occupancy in the next five years, benefiting from the expected increase in leisure demand across its key source markets, supported by the recent addition of world-class cultural institutions and leisure attractions, such as: the Louvre Abu Dhabi; the Qasr El Hosn heritage site; the Warner Bros. World Abu Dhabi theme park; and the future completion of the Saadiyat Cultural District project, which is set to position Abu Dhabi as a global cultural hub. 0000006459 00000 n 0000004371 00000 n %PDF-1.5 %���� Occupancy levels have remained firmly in the high 70-percent levels for the past three years, with the government of Dubai implementing proactive policies to stimulate demand growth by relaxing UAE visa regulations for key source markets, such as Russia and China. The rapid growth of the hospitality industry and its future growth potential makes it an important area of study. #���s���iJ���>���v}�|Ì���)|�� ��� endstream endobj 125 0 obj <> endobj 126 0 obj <> endobj 127 0 obj <> endobj 128 0 obj [/Indexed 134 0 R 254 164 0 R] endobj 129 0 obj <> endobj 130 0 obj <> endobj 131 0 obj <> endobj 132 0 obj <> endobj 133 0 obj <> endobj 134 0 obj [/ICCBased 163 0 R] endobj 135 0 obj [/Separation/New#20Color#20Swatch#2012 134 0 R<>] endobj 136 0 obj [/Separation/New#20Color#20Swatch#206 134 0 R<>] endobj 137 0 obj <>stream A review of the latest hotel performance indicators, outlook and insights on the UAE hotel market, focusing on the Emirates of Dubai, Abu Dhabi, and the Northern Emirates of Sharjah, Ras Al Khaimah, Ajman and Fujairah, from Talal Yousif, Director of HVS. 0000163718 00000 n In this post, we provide an overview of the hospitality industry in Dubai. H�\��j�@��z�Y&� Ys������?�����Ԓ���߾stB Given the latest figures published by DTCM, this target is likely to be achieved, with the support of strategic investments, innovative destination promotion programmes, proactive policy reforms in relation to entry visa regulations and long-term strategic partnerships with key source markets, which will ultimately contribute to a sustained and diversified growth in visitation over the long term. 0000019524 00000 n 0000002900 00000 n 0000136863 00000 n ,�. 0000017933 00000 n 0000005489 00000 n 0000184882 00000 n 0000017529 00000 n In line with Dubai Tourism Vision 2022-2025, Dubai set another ambitious tourism strategy to attract over 25 million visitors by 2025. Read our UAE Real Estate Market – A Year in Review 2019 report for an overview of the office, residential, retail and hospitality sectors in Dubai and Abu Dhabi February 02, 2020 Share: 0000014583 00000 n _ UAE Hospitality market – 6 month review Dubai’s hotel market sustained strong occupancy rates in Q1 2016, registering 85%. 0000163384 00000 n UAE Market Review & Forecast - 2020 An annual review and market outlook providing updates on the Abu Dhabi and Dubai real estate markets covering: residential, offices, retail and hospitality sectors. H�\��j�@��z�9&�����A;�������Ē���N�BV`��4U_5���~����?���lN���po� ��������v��[��K3ey:|�_�p��1�k��J�s���M7�c���]��p6��G�n��.a�Ma�kӅS2��LߛK0�r�iߥ��|Jg����>S-�%aڱשiCl�s��"]kS��k����� While down from the rate recorded over the same period in 2015, this was still the highest in the region by a considerable margin. A similar trend is also occurring with the Annual review and forecast of the UAE real estate market and GDP growth covering residential, commercial, retail and hospitality sectors. 0000019704 00000 n )” While there has been undeniable rate pressure across all the emirates in the past four years, occupancy levels have shown resilience in shifting market dynamics. “The Northern Emirates will develop their unique value proposition to differentiate their destination and tourism offering”, UAE Historical Occupancy Performance % (2008-2018), UAE Historical ADR and RevPAR Performance USD (2008-2018), Your go-to source for the latest news, forecasts and industry reports, © 2018 Hospitality News Magazine. 0000016477 00000 n Designed and Developed by Born Interactive, How will COVID-19 impact the Kuwaiti hospitality industry, How hotels are adopting greener practices, Bidfood UAE launches mybidfood, foodservice e-distribution platform, Hilton to bring Curio Collection and DoubleTree by Hilton brands to Abu Dhabi’s Yas Island, 60 seconds with Karim Miknas, managing partner at Miknas Food SAL- McDonald’s Lebanon, It’s all Confidential with Imad Khairallah, World’s largest battery storage facility will power The Red Sea Project with clean energy 24/7, Accor to create world’s largest lifestyle hotel company, Why biometrics are more important than ever, Dubai College of Tourism partners with Udacity to upskill Dubai Tourism employees, Nicolas Abou Fayssal, A Success Story from the Creative City of Gastronomy Zahlé, Dubai’s MKN-Transmed Culinary Innovation Center renovated, Blazon Hotels' four-star Grayton Hotel is opening soon in Dubai, 18,000 tonnes of European cheese were imported by the UAE in 2017, Over eight million tourists visited Dubai in H1 2018, 415 new properties are under development in the Middle East as per STR, Ayman Baky to open his third Sachi restaurant amid pandemic, So Far… 21 Establishments in Mar Mikhael & Gemmayze Were Supported for Reconstruction, Understanding the impact of Lebanon’s economic crisis and COVID-19 on domestic tourism, Five-star Hoteliers: Setting The Standards. 0000043557 00000 n Ras Al Khaimah remains today the top ADR performer among the Northern Emirates, driven by the successful execution of its tourism strategy and distinct resort offering on Marjan Island. Due to its higher dependency on corporate demand, Abu Dhabi occupancy underperformed compared to the country average from 2010 to 2012, then recorded steady growth to reach 76 percent in 2015, before declining over the last three years. 0000140403 00000 n A review of the latest hotel performance indicators, outlook and insights on the UAE hotel market, focusing on the Emirates of Dubai, Abu Dhabi, and the Northern Emirates of Sharjah, Ras Al Khaimah, Ajman and Fujairah, from Talal Yousif, Director of HVS
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