New attractions set to boost Dubai’s economy – News

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Expo City Dubai, Museum of the Future, Mohammed Bin Rashid Library, The Club at Palm West Beach, Terra Solis by Tomorrowland, Pavilion at The Beach, Dubai Hills Mall and Sky Views Dubai will strengthen the emirate’s position as a destination international tourist



A view of the Museum of the Future. Travel and hospitality industry analysts have observed that in the coming years, Dubai, with its superb tourism infrastructure and visitor-friendly visa and investment rules, will continue to evolve as a destination. offering attractive value to international travellers, aided by emerging travel trends such as Bleisure and sustainable tourism. . – AFP

Published: Sun 6 Nov 2022, 5:09 PM

A series of new tourist attractions and a host of visitor-friendly initiatives have put Dubai firmly on track to achieve its goal of becoming the world’s most popular destination for international visitors, providing a critical boost to Dubai’s economic rebound. the emirate.

Dubai, which topped the ‘Best of the Best Destinations’ awards, recorded a strong recovery in the tourism sector by registering 10 million international tourist arrivals in the first nine months of 2022, against 3.85 million visitors to the same period last year, reflecting a growth of 136%, according to Dubai’s Department of Economy and Tourism (DET).

In the first half of 2022, the emirate attracted 7.12 visitors, registering a growth of more than 183% compared to the 2.52 million tourists who visited the same period in 2021, according to DET data.

Tourism revenue for the United Arab Emirates, which was ranked the second safest country in the world in 2021 and the third safest city for women traveling alone, exceeded $5 billion in the first half of this year. year, compared to $3 billion over the same period. Last year.

The number of hotel guests the country welcomed rose to 12 million, registering a 42% year-on-year growth. According to projections, the travel and tourism industry will contribute around 280.6 billion dirhams to the country’s GDP by 2028, as the United Arab Emirates is expected to register 31 million tourist arrivals by 2025, mainly in due to Dubai’s rapid appeal as a travel, business and investment destination. According to World Bank forecasts, the country’s economy is expected to grow by 5.9% in 2022 before slowing to 4.1% in 2023.

Travel and hospitality industry analysts have observed that in the coming years, Dubai, with its superb tourism infrastructure and visitor-friendly visa and investment rules, will continue to evolve as a destination. offering attractive value to international travellers, aided by emerging travel trends such as Bleisure and sustainable tourism. .

“We are always working to strengthen Dubai’s position as a global center for entertainment and commerce, and one of the world’s safest holiday destinations,” said Ahmed Al Marri, Head of Region – GCC and Mena International Operations, DET.

New tourist attractions

Dubai has significantly increased its hotel room capacity while adding a host of new attractions for tourists. These include Expo City Dubai, Museum of the Future, Mohammed Bin Rashid Library, The Club at Palm West Beach, Terra Solis by Tomorrowland, Pavilion at The Beach, Dubai Hills Mall and Sky Views Dubai, excluding the ‘iconic Burj Khalifa, Burj Al Arab, Palm Jumeirah, the world’s largest indoor aquarium and the biggest shopping destination, Dubai Mall.

The hotel sector exceeded pre-pandemic levels for all other key metrics – Occupied Nights, Average Daily Rate (ADR) and Revenue per Available Room (RevPAR). Dubai hotels provided a total of 18.47 million occupied nights in the first six months of the year, a year-on-year growth of 30.4% and an increase of 18% from the previous period. -pandemic in the first half of 2019, which generated 15.71 million occupied nights. , according to Dubai’s Department of Economy and Tourism (DET).

Ata Shobeiry, Managing Director of Zoom Property, believes that the growing number of tourists in Dubai is a good sign for various sectors in Dubai.

“With tourism being a major source of income for Dubai, the growing number of people visiting the emirate is certainly benefiting it in more ways than one. Apart from tourism, the boom in tourism is helping several sectors to grow, such as hotels, transport, restaurants and real estate,” Shobeiry said.

Dubai’s short-term rental segment has seen a massive increase in demand in 2022, and the steady growth in tourism is said to be one of the main reasons for this increase. The latest data reveals that Dubai has around 10,000 active holiday home listings.

“When people, HNWIs in particular, visit for tourism or business purposes, they directly experience its grandeur and sophistication. This forces many of them to make it their second home, which ultimately leads them to look for real estate opportunities,” Shobeiry said.

The wide array of hotel properties in Dubai exhibited another outstanding performance across all hospitality metrics during the first half of 2022. Dubai’s hotel inventory at the end of June 2022 included 140,778 open rooms across 773 hotel properties , compared to 118,345 rooms available at the end. June 2019 in 714 establishments.

The total number of hotels in the first half of 2022 marked an 8.0% growth compared to the first half of 2021, underlining the continued strong investor confidence in Dubai’s tourism sector. In 2022, Dubai has 66 hotel projects under construction, of which 58 would be completed by the end of the year.

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