13.5 billion dirhams in Dubai hotel revenues in 10 months

Revenues recorded by hotel rooms in Dubai exceeded 13.56 billion dirhams during the first 10 months of this year, compared to 12.75 billion dirhams during the same period last year, with a growth rate of about 6.3%, according to data issued by the Department of Economy and Tourism in Dubai.

The returns were calculated based on the average daily revenue per available room per number of hotel nights sold. The notable increase in revenues of hotel establishments operating in Dubai is due to the high average return per room, as well as the significant growth in the size of the hotel market.

According to the department’s data, the number of hotel nights booked during the period between January and October of this year increased by 3% to reach 35.15 million nights, compared to 34.19 million nights during the same period last year, while the rate of return on available room increased by about 4%. To record 386 dirhams, compared to 373 dirhams.

The occupancy rate of hotel rooms in Dubai during the period between January and October 2024 reached 77% in the first 10 months of 2024, compared to an average occupancy of 76.3% during the same period last year. In addition, the number of hotel rooms in Dubai, at the end of last October, reached more than 152.5 thousand hotel rooms within 827 hotel establishments, compared to about 149 thousand hotel rooms within 818 establishments at the end of October 2023.

The Department of Economy and Tourism in Dubai revealed the latest statistics on the performance of the tourism sector and the numbers of international visitors, which showed that the emirate attracted 14.96 million international tourists during the first 10 months of this year (about 15 million tourists), compared to 13.9 million tourists during the same period of the year. In the past, a growth rate of about 8%.

According to data from the department, a copy of which was obtained by Emirates Today, Dubai continued to record strong rates in various indicators, including the total number of visitors, the number of hotel rooms, the nights booked, the average daily price, as well as the average return on the room, compared to levels last year.