A similar trend is also occurring with the 0000136542 00000 n 0000140958 00000 n 0000162617 00000 n 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. �� =: endstream endobj 121 0 obj <> endobj 122 0 obj <>stream 0000018615 00000 n If you are planning to travel to Dubai or work in Dubai in the hospitality industry, you are with the tide. 0000147222 00000 n While down from the rate recorded over the same period in 2015, this was still the highest in the region by a considerable margin. 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. �O�{����E�~�v����zE���Ro�w�;�W�W�7�P[�[�ے����+hKm��Z��c�c�Z�=��&��%���Po�� r���\a� W�+�� Occupancy Dubai, positioned as the undeniable international travel and tourism hub in the region, demonstrated the strongest occupancy performance in the UAE, attributable to the diversity of its demand generators targeting all market segments (FIT, leisure, corporate/commercial and MICE), which minimizes its seasonality, as well as its diversified and targeted dependence on multiple key source markets. )o(_.K��W�g�, ��GR�H���� 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. RevPAR The UAE 10-year average RevPAR was USD 97 during the 2009-2018 period. 0000147510 00000 n 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. 0000136863 00000 n 0000141048 00000 n According to the latest statistics from the Dubai Tourism Commerce & Marketing (DTCM), Dubai welcomed 15.92 million overnight visitors in 2018, marking a new high, supported by momentum year-on-year (y-o-y) growth across its key source markets with Russia (+28 percent), China (+12 percent), France (+17 percent) and Germany (+12 percent) leading the way. 0000002900 00000 n 0000043557 00000 n 0000005601 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. 0000006812 00000 n %PDF-1.5 %���� Another issue worth mentioning is the tourism-related taxes and fees – including the 5 percent value added tax (VAT), introduced by local authorities in 2018 – which may potentially hinder the competitiveness of Dubai and the UAE in general and the overall performance of hotels across the country in the long term. 0000005214 00000 n 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����� 0000003485 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. 0000001676 00000 n 0000011906 00000 n r�����J8+�����J8+��g�0+GNNGNNGNNGNNGNNGNNewEw���S��Tz*_��8�t 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. 0000162901 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. trailer <]/Prev 342301>> startxref 0 %%EOF 185 0 obj <>stream Other contributors include the drop in oil prices, as well as the currency devaluation against the US dollar in key source markets which, in turn, has led to a shift in target markets and pricing sensitivity patterns. 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. 0000007960 00000 n In 2006, for instance, the United Arab Emirates (UAE) received more than six million tourists from around the world. 0000017933 00000 n Looking at the historical trends of key hotel performance indicators, along with our analysis of supply and demand dynamics, major infrastructure and tourism-related developments, and geopolitical and economic shifts in the market, we can derive insights related to achieved occupancy, average daily rate (ADR) and revenue per available room (RevPAR) across Dubai, Abu Dhabi and the Northern Emirates. 0000163718 00000 n June 08, 2016. 0000014860 00000 n 0000005907 00000 n 0000005489 00000 n 0000140328 00000 n 0000136788 00000 n ;�����U%6E����2+�3�3�y��c�!��ȯ̯�o�I��dy���y�\2�Ȟ�#� ���������!��������o��)���%` Y��%` Y��%` Y��%` Y��^�_�ٕ�+aW���] �v%�*����� �'�9�9�9�9�9�9�9�9�9�9�9�9�9�Yى�%K�R�,%K�R�,%K�R�,%K�R�ta�E?�~�(�Q���Gя�E?�~��1�ct68� �Fg�����lt68� �Fg�����lt68��*�~�rO�a�>& Headlines RESEARCH UAE MARKET REVIEW AND FORECAST 2019 Please refer to the important notice at the end of this report. All three markets gave their strongest performance in 2008, due to the robust economic growth levels recorded before the global economic recession and financial crisis in 2009.

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