Dubai hotels reach 100 per cent occupancy rate

Guests of the world climate summit COP28 have started to book hotels in Dubai, thanks to which some of them turned out to be fully loaded during the days of the large-scale event.

Hoteliers are confident that the hotels located in the immediate vicinity of the event venue – Expo City Dubai – will be fully booked. Representatives of the hotel industry recommend delegates to hurry up with their choice, as accommodation rates will increase.

The 28th Climate Change Conference will be held at Expo City from 30 November to 12 December 2023. It will be attended by more than 70,000 delegates, including heads of state and world leaders from 198 countries, representatives of youth and non-governmental organisations.

As previously reported, by the end of 2023 in the United Arab Emirates will be put into operation another 9200 hotel rooms, so the room stock will increase by 6.4% to 154 thousand rooms, noted in a study by Knight Frank.

Not only the number of rooms is increasing – hotels also demonstrate high occupancy rates. For example, in the first half of 2023, Dubai recorded the highest occupancy rate in the world – 78%.

Over the past two years, Dubai has been recognised as the most popular tourist destination in the world by TripAdvisor. Growth in the industry is being fuelled by hotel giants, with Accor Group leading the way with 71,820 operational rooms, with a further 49,510 to be completed by 2030.

Marriott International Group manages 63,790 existing rooms and 52,790 rooms are under construction. IHG Hotels and Resorts hosts guests in 35,140 rooms, with 22,120 to come online in the coming years.

Hilton Worldwide has 33,450 rooms ready and 39,860 rooms under construction, Radisson Hotels has opened 22,830 and is preparing to open 11,651 rooms, while Rotana Hotels has 16,976 existing rooms and another 10,807 under construction.

Source: Khaleej Times

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