Lifted by Expo 2020 and the holiday season, Dubai’s hotel industry reported its highest monthly room rates since 2015, according to preliminary December 2021 data from STR.
Abu Dhabi’s hotel industry reported its highest monthly occupancy level since the beginning of the pandemic, according to preliminary November 2021 data from STR.
Lifted by the Saudi Arabian Grand Prix, Jeddah’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary daily data from STR.
Estimated Dubai gross operating profit per available room (GOPPAR) for October 2021 came in at 159% of the 2019 comparable, according to STR‘s latest monthly P&L data release.
Since 1851, World Expos have showcased some of the world’s greatest innovations in some of the world’s most influential cities. Currently, Dubai has the honor of welcoming the world as the COVID-19 pandemic forced the event to be postponed from its originally scheduled 2020 start.
Lifted by the opening of Expo 2020, Dubai’s hotel industry reported its highest monthly room rates since 2018, according to preliminary October 2021 data from STR.
Profitability has improved across much of the globe as the hotel industry continues its slow recovery. In measuring that recovery, 2019 data is the benchmark, and by indexing with pre-pandemic levels, hoteliers can gain key context for the amount of profitability they are recapturing.
Several countries in the Middle East have been racing ahead of the rest of the world in vaccination rollout. The United Arab Emirates is a prime example with more than 86% of its population fully vaccinated as of 25 October 2021, according to Our World in Data.
New research from the World Travel & Tourism Council (WTTC) reveals the Middle Eastern Travel & Tourism sector should grow by 27.1% this year, slightly behind the global average of 30.7%.
European travelers to drive Gulf tourism recovery with arrivals expected to reach 13.3 million by 2024, says GlobalData
European travelers are set to become a key source market for the Gulf region, especially Gulf Cooperation Council (GCC) countries, which will help their post pandemic tourist industry recovery. Countries in the GCC include the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain and they all offer a good range of flight options and a varied tourism product, which appeals to European travelers, says GlobalData, a leading data and analytics company.