Mian Athar jameel’s Post

Last week, The Ma'refa Brief looked into the GCC’s booming hospitality sector. Here's some of the key data we found:   🏖 Two-thirds of the planned hotel room supply in Saudi Arabia falls in the "upscale" or "luxury" categories, which is expected to expand to 72% by 2030. 🏝 More than a third of UAE residents are interested in staycations, with 45% of expats over the age of 35 having taken at least one weekend staycation in the past year. 🌆 Abu Dhabi saw a remarkable 22% year-on-year increase in the number of hotel guests in 2023, with average revenue per available room increasing by 17%. 📈 The GCC hotel market saw the strongest global performance in 2023, with revenue expected to grow at 7.5% per year, reaching USD 48 billion by 2028. 🏨 Saudi Arabia plans to deliver 320,000 new hotel rooms by 2030, with over USD 30 billion invested in hotel building over the next six years. Would you like to stay informed on emerging trends in the GCC? Subscribe to The Ma’refa Brief for the latest data and insights from our in-house research team. Sign up now at https://lnkd.in/eZVzMRDQ. #UAE #GCC #MiddleEast #Hospitality #HotelIndustry #Vacation #Travel #Tourism #MarefaBrief #Insights #SaudiArabia

In Q1 2024, Abu Dhabi recorded a 22% increase in hotel guests, reaching 1.30 million visitors, while Dubai welcomed 5.18 million international travelers, reflecting a 10.9% year-on-year growth and a 9.1% rise from 2019 levels. These statistics underscore the UAE's status as a premier global destination. At SRW Consultancy, we understand the dynamic landscape of UAE hospitality. Our expertise in strategic brand partnerships can help your business gain focus in this booming market. Whether you're looking to establish your hotel’s brand presence or enhance guest experiences, we provide tailored solutions to ensure your success. +971 506 241 398 www.srwconsultancy.com #UAEHospitality #AbuDhabiHotels #DubaiTourismGrowth #HospitalitySolutions #BrandPresence #GuestExperience #UAETravelTrends #SRWConsultancy #HotelGrowthStrategy #LuxuryHospitality #UAETravelMarket #Hospitality #HospitalityConsulting #UAE #ConsultancyServices #Dubai #FnB #FoodandBeverage #HospitalityBusiness #Hotels #Horeca #LuxuryHotels #Restaurants #HospitalityIndustry #HospitalityBusiness

🏨 Unlocking UAE’s Hospitality Recovery: From Pre-Pandemic Challenges to 2024 Growth with 26,832 New Hotel Rooms 📊 The UAE is advancing with plans for 26,832 new hotel rooms, including 17,748 in Dubai alone, to accommodate an anticipated 40 million tourists by 2030. 🌆 The UAE Hospitality Market Review 2024 offers key insights into ADR, RevPAR, and occupancy rates. Developers, investors, and operators must navigate the post-pandemic landscape and make informed decisions. 🔹 Key Highlights: The UAE's hospitality sector is demonstrating a remarkable recovery following the pandemic, enabling a comparison between pre- and post-pandemic performance: 2020: Both ADR and RevPAR experienced significant declines. -Year-to-Date July 2024: -ADR has rebounded to US$173 -RevPAR has increased to US$131 -Occupancy Rates: Rapidly recovered to 76%, matching the pre-pandemic levels of 2019. Dubai’s hospitality sector remains resilient and is well-positioned for further growth! 🌟 👇 Share your thoughts on the UAE's hospitality recovery in the comments! #UAE #Dubai #Hospitality #Tourism #MarketRecovery #PrePandemic #PostPandemic #RealEstateDevelopment #TravelIndustry #HotelMarketAnalysis

The surge in UAE hotel room rates indicates growing economic exclusivity beyond just post-pandemic recovery. ADRs have increased by 24.9%, while RevPAR has seen a 6.8% rise, emphasizing profit over accessibility. Luxury destinations like Dubai, Abu Dhabi, and Sharjah attract international guests with premium pricing. The rising occupancy rates suggest a market prioritizing luxury, prompting questions about benefits for budget-conscious travelers and the implications of economic disparity. #hotelrates #revpar #uaehospitality #hospitalityrecovery #visitortraffic

United Arab Emirates is gearing up for further expansion in its hospitality sector by developing over 26,832 hotel rooms with 17,748 rooms in Dubai only, to cater to the anticipated increase in tourism, with 40 million domestic and international tourists expected by 2030. In 2023, Dubai Internation Airport was the world’s busiest airport for international passengers, hosting 89.2 million travellers.   Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) across UAE grew to US$ 173 and US$ 131 respectively in YTD July 2024, marking the highest hotel occupancy rate in the region at 76%.   For more insights on UAE and Dubai hospitality landscape, download our annual UAE Hospitality Market Review 2024 report: https://lnkd.in/dWq4sqiW   Turab Saleem Oussama El Kadiri Daniel Pugh Harmen de Jong Stephen Flanagan Shehzad Jamal Faisal Durrani Aliaa El-Esaaki #KnightFrankMENA #Hospitality #UAE #Dubai #Future

During my recent trip to Dubai for #ATM, I decided to try a different approach to booking my hotel. Instead of locking in a reservation weeks in advance, as I normally do for large trade shows, I kept a close eye on prices to see if I could score a last minute deal. The ‘#RevenueManager’ in me expected that there would be some hotels that have over forecasted demand for the show and would end up slashing their rates closer to the event date. My instinct proved to be right and a few hours before my flight, I secured a hotel room for $100 – a significant drop from the $300-400 price tag I'd seen earlier. The hotel itself was a unique loft-style property. On the ground level, there was a small living area, kitchenette, and balcony. A short flight of stairs led to a bed on an upper level. This setup brought back childhood memories of bunk beds and added a sense of excitement to the stay. Overall, this unique stay was well worth the money and a steal deal considering Arabian Travel Market is one of the largest events in Dubai. However, this last minute strategy comes with a caveat. If you have your heart set on a specific hotel, it's best to book in advance, as prices may rise closer to your arrival date. But if you're flexible and open to various options, waiting until the last minute can sometimes yield great deals. Since I had a fixed budget but was quite flexible with where I stayed, this worked for me but I probably wouldn’t do it when planning a holiday or traveling with family. I prefer the peace of mind. What about you? Have you ever taken a chance and booked a hotel super last minute? How did it turn out? Share your stories and thoughts in the comments below! #lastminutebooking #travelhacks #traveltips #dubai

Dubai attracted 6.68 million international tourists in the first four months of 2024, an 11% increase from last year, with Western Europe as the top source region. Hotel occupancy reached 81%, with a 2% growth in hotel rooms and establishments. Contact RELEGANCE PROPERTIES to know more about the Latest News & Updates about Dubai, call us now! 📞+971 54 348 1755 #dubainews #DubaiUAE #realestateexpert #releganceproperties #dubainews

Dubai saw the delivery of over 2,700 new hotel rooms in the first half of 2024, with an additional 10,100 expected by the end of 2025, according to research from Cavendish Maxwell. In the first six months of 2024, Dubai added 12 new hotels, raising the total to 716 establishments and nearly 149,750 rooms. An additional 40 hotels are set to open by the end of next year, with further room additions anticipated in 2026 and 2027. The 4-star hotel category experienced significant growth, with 436 new rooms added in H1 2024, marking a 216% increase compared to the same period last year.The 5-star segment also saw a rise, with 1,681 new rooms launched during the first half of this year, reflecting an increase of 111% from H1 2023. This expansion highlights Dubai’s commitment to enhancing its hospitality sector and meeting the growing demand for accommodation. #DubaiHotels #HospitalityGrowth #CavendishMaxwell #TravelTrends #TourismExpansion #MilmaTravel #MilmaTravelAndTourism #MilmaTravelAndTourismLLC #Aamiristry #DubaiTourism #VisitDubai

Dubai's hospitality industry is thriving! Occupancy rates have surpassed pre-pandemic levels, reaching a record 77% in 2023 [Source: Cavendish Maxwell]. This booming market presents exciting opportunities, but also demands strategic revenue management. Understanding guest behavior and market trends is crucial to maximizing hotel revenue. revmerito's Intelligent Demand Forecasting empowers hoteliers with actionable insights to optimize pricing, maximize occupancy, and achieve revenue goals. Stay ahead of the curve and unlock your hotel's full potential in Dubai's dynamic market. . . #revmerito #HospitalityIndustry #DubaiHotels #RevenueManagementSolutions #DemandForecasting #HotelRevenueOptimization #TravelTrends #HotelTechnology #BusinessIntelligence #HotelSuccess #DubaiTourism #TravelTech #DynamicPricing #HospitalityManagement #HotelOperations #HotelMarketing

Dubai’s hospitality sector is poised for significant growth over the next few years. By the end of 2024, 34 new hotel openings are expected, contributing to a cumulative total of 739 hotels. In 2025, this number will rise to 757, with a projected 772 by 2026. The luxury segment, in particular, will see notable additions, including the Ciel Dubai Marina with 1,209 keys, Viceroy Dubai Business Bay with 433 keys, and Port De La Mer Hotel with 400 keys. The total number of rooms is expected to reach 156,214 by the end of 2024, with further growth leading to 164,609 rooms by 2027. This consistent growth trajectory highlights the city’s increasing capacity to meet rising tourism demand and maintain its position as a leading global destination. For a comprehensive look into Dubai's hospitality market, check out our full report: https://vist.ly/3mkvrba #DubaiHospitality #HospitalityMarket #RealEstateInsights #CavendishMaxwell #RealEstate #LuxuryHotels #TourismGrowth #MarketUpdate