The UAE hospitality market is expected to reach $7.6 billion by 2022.
Over 20 million international tourist arrivals expected by 2020 for the mega events like the Expo and others.
50,000 hotel rooms are expected to be delivered in the UAE in the build up to Expo 2020.
Hotels expected to operate at around 80% occupancy.
Given the demand, investors can expect investment of around 10 to 12% each year with the right product and the right location with respect to the mid-market hotels.
Supply will increase by 13.3% in 2019.
UAE still has the strongest hotel market in the Middle East and is great at achieving the right balance of supply and demand.
Existing hotels are also being refurbished in the lead up to mega events like Expo 2020 and FIFA 2022.
Value of GCC hotel projects expected to increase:
From $11.15 billion in 2018 to $11.61 billion in 2019
The Emirates welcomed 15.8 million tourists in 2017.
Expected to reach 20 million by 2020.
This suggests that Dubai’s hospitality industry may be heading for further success beyond 2020.
Dubai’s affordable hotels sector will remain a major focus for investors through 2020.
