The emirate has recorded a 26% increase in bookings since Q2 2020
According to Colliers International’s latest MENA Hotels Review, Dubai hotel occupancy figures have been strong in the second quarter this year.
Along with a 26% YOY increase in occupancy, the emirate also saw ADRs increase 1% YOY in the same period.
The report found that hotels in Dubai and Sharjah experienced the highest growth in occupancy levels (26%) when compared year-on-year, which could be attributed to an increase in staycations during the Eid break.
Elsewhere in the UAE, Abu Dhabi saw occupancies increase by 3%; RAK saw a 17% increase and hotel occupancy in Fujairah increased by 14%.
The UAE market experienced growth in occupancies when compared to the same period last year due to an easing of travel restrictions and increased numbers of domestic tourists. In relation to Q2 2019, the overall UAE market has experienced a decline of 16% in occupancy levels.
In terms of the pipeline, Dubai is expected to see the opening of 40% of 2021’s forthcoming supply in the next quarter, in time for Expo 2020 in October.
From now until 2023, the UAE is on track to receive 17,470 new hotel keys.
Looking at the wider H1 2021 period, Dubai hotels recorded 14.17 million occupied room nights between January and June this year.
The full report can be found here