According to Gulf News, Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), which is the emirate’s tourism body, said it expects occupied room nights in hotels and hotel apartments to reach 35.9 million. The figure represents a 10.8 per cent compound annual growth rate from the end of 2015 to the end of 2018.
As a result of the expected growth in demand, room supply is set to reflect similar growth, reaching 134,000 rooms by the end of 2018.
In a statement on Sunday, Dubai Tourism also said it expected occupancy rates until 2018 to be maintained at around 77 per cent.
“For the hotel sector, high demand from international travellers, and the consequent growth in tourism volumes, has been the cornerstone of fostering continued investment in supply enhancement, which has seen us cross this historic 100,000-room threshold,” stated Helal Al Merri, director general of Dubai Tourism.
Written by : Ian McIntosh