Hotel Industry in UAE 2024-2030

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    HOTEL INDUSTRY IN UAE

     

    INTRODUCTION TO HOTEL INDUSTRY IN UAE

    The portion of the service sector that deals with providing housing for guests is called the hotel industry. The term “hotel industry” encompasses not only hotels but also a wide range of other types of lodging, such as hostels, motels, inns, and guest houses.

     

    Infographic: Hotel Industry in UAE Size, Hotel Industry in UAE Trends, Hotel Industry in UAE Forecast, Hotel Industry in UAE Risks, Hotel Industry in UAE Report, Hotel Industry in UAE Share

     

    Long-term or permanent accommodations are typically excluded from this category. Hotel services are strongly related to the travel and tourism sectors because of their nature. 

     

    HOTEL INDUSTRY IN UAE RECENT DEVELOPMENT

     

    S.NO Overview of Development Details of Development
    1. Vivium Holding makes first entry into hospitality sector The Dubai-based UAE family office Vivium Holding is entering the hospitality industry by acquiring a boutique hotel on the picturesque Greek island of Paros. This tactical acquisition, which marks a significant advancement in the company’s investment portfolio, underlines Vivium Holding’s commitment to developing destination hotels that deliver meaningful experiences.
    2. Jumeirah Group Pioneers Industry-First Mobile Check-In Solution in the UAE

    In collaboration with the Dubai Department of Economy and Tourism (DET), Jumeirah Group, a member of Dubai Holding and a leading provider of premium hospitality services, unveils Jumeirah Mobile Check-In, a cutting-edge biometric and digital technology solution. The cutting-edge system allows visitors to finish all check-in procedures on their mobile phone before arrival, providing a smooth arrival experience and cutting the check-in process by up to 10 minutes.
    3. Radisson Hotel Group opens its first resort in Dubai, Radisson Beach Resort Palm Jumeirah The Radisson Hotel Group has announced the launch of the Radisson Beach Resort Palm Jumeirah, the organization’s first beach resort, which is situated in Dubai’s trendy West Beach, a brand-new hotspot.At The Palm’s West Beach on the shores of Palm Jumeirah, the Radisson Beach Resort Palm Jumeirah is situated along the modern beachfront promenade, giving leisure travelers quick access to the city’s lifestyle and entertainment hotspots, such as Nakheel Mall, Mall of the Emirates, and Emirates Golf Club.

     

    The recently bought property by Vivium Holding , which spans a noteworthy area, will soon be transformed into a world-class hospitality retreat with an exciting food and beverage component.

     

    The hotel’s appeal is appealing to visitors from the UAE and elsewhere. It is planned to contain up to 40 spacious suites with sea and sunset views, private dipping pools, extensive terraces, distinctive dining experiences, and a sizable lagoon pool.

     

    Additionally available to visitors is a cutting-edge fitness center with tennis and padel courts as well as spa and wellness amenities.

     

    The hotel is tucked away on the western side of the island, only a short 5-minute stroll from the charming Agia Irini Beach, and offers stunning views and a luxurious atmosphere, treating visitors to lovely sunsets.

     

    The hotel’s floor-to-ceiling windows and terraces offer stunning ocean views of the Arabian Gulf, the gorgeous Dubai Marina cityscape and harbor, and the renowned Ain Dubai, the biggest and highest Ferris wheel in the world, which is situated on Bluewaters Island. 

     

    HOTEL INDUSTRY IN UAE SIZE AND FORECAST

     

    The Hotel industry in UAE accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    HOTEL INDUSTRY IN UAE MARKET DYNAMICS

     

    NH Collection and NH Hotels will be introduced to the Middle East as two new brands by Minor Hotels, a prominent hotel owner, operator, and investor, which will bring four more new-build properties to the region.

     

    Anantara in the UAE and Avani in Oman are the two most recent new properties to be introduced in the area this year. The Taj Exotica Resort & Spa, The Palm in Dubai has been officially opened by the Taj brand of the Indian Hotels Company.

     

    In the UAE, OYO opens its first ‘Capital O’ location. The global dining concept, ISSEI, will debut in Dubai’s Radisson Hotel DAMAC Hills, according to a statement from the Radisson Hotel Group.

     

    Ishraq Hospitality, a branch of the Mohamed & Obaid Almulla Group in Dubai, and IHG Hotels & Resorts, one of the top hotel companies in the world, recently inked a Master Development Agreement (MDA) to build eight hotels under IHG’s midscale brand, Holiday Inn Express, in the MEA area.

     

    Over the next three years, Marriott International will add four new properties to the UAE. In accordance with a deal with the UAE’s RDK Tourism Investment, Marriott will increase the number of rooms under its Marriott Hotels & Resorts, Marriott Executive Apartments, and Autograph Collection Hotels brands in the UAE by more than 700.

     

    The existing buildings managed by RDK Tourism Investment will be turned into the four new hotels. In Mirfa, Liwa, and Al Reem Island in Abu Dhabi, three of the homes will be located. Marriott Hotels & Resorts, the hotel chain’s leading brand, will open a 114-room seaside resort in the capital.

     

    Dubai will host the legendary music festival Tomorrowland. A first-of-its-kind venue Terra Solis, inspired by the hedonistic party festival, will be unveiled by the famed festival in the Dubai desert. To Dubai Heritage Vision, Terra Solis will deliver a bustling pool scene, superb food, and three distinct glamping experiences.

     

    The expansive desert-chic oasis is spread out across 371,000 square metres, and visitors can select between three different lodging options, each of which is named after a star, meteor shower, or constellation.

     

    The 20 Perseid lodges are a collection of comfortable, stylish lodges, while the 48 Polaris bell tents are roomy, artistically painted tents. The six Orion pool lodges, which offer a true VIP experience, each have a private pool as well as a sizable outside cabana and balcony.

     

    HOTEL INDUSTRY IN UAE RECENT DEVELOPMENT AND INNOVATION

     

    In Dubai, there are 145 four-star hotels out of a total of 716 functioning hotels, and 30,125 rooms are available for the four-star category, according to statistics from the UAE hotel sector.

     

     In a related development, four-star accommodations account for the majority of the market since they helped the medium-sized category achieve an occupancy rate of 86%. The UAE’s goal of enhancing the hospitality industry, which is essential to sustaining the national economy, is in line with the hotel strategy.

     

    With the new family package, visitors from the GCC and around the globe may unwind and enjoy a special two-night stay that includes a free daily breakfast spread with a variety of organic delicacies. 

     

    The hotel industry in the UAE recorded the highest occupancy rate among Middle Eastern tourist destinations, with an average of more than 80%, to rank among the best global rates throughout the year, despite the significant increase in the supply of rooms, according to the most recent hotel occupancy indicators published by international institutions. 

     

    Hotel industry data for the UAE Regarding the ups and downs that naturally occur in the country’s main industry of exporting tourists, it is understandable that these movements have an impact on the tourist destinations. However, the most crucial thing is to look for a replacement that makes up for this decline.

     

     

    Along with the new construction, some of Dubai’s current hotels and resorts will undergo significant renovations, expanding the potential for industry suppliers. In order to bring legacy hotels—some of which are more than 10-15 years old—up to date with industry standards, hotel companies in Dubai are heavily spending on renovations. 

     

    The renovations would concentrate on three key areas: upgrading the tech features in the rooms and across the property (guests require excellent Wi-Fi connectivity at all times as well as first-rate in-room entertainment), design, and sustainability. 

     

    Adapting attitudes and perceptions provide trends that direct an industry, whether the changes are societal, economic, or technological. The same is true for Dubai’s hospitality sector.

     

     Together, a number of socio-cultural, economic, and technological factors are changing the nature of the sector. Working together between independent restaurants and hotels is the newest great trend. Hotels and restaurants have opted to collaborate in order to provide their patrons with a more varied experience. 

     

    This will allow restaurants to share their business expertise regarding current F&B trends while the hotel can offer a first-rate stay. This movement has significant economic ramifications of its own, creating new opportunities in the hospitality industry and lowering overall prices. 

     

    A mid-priced option is growing in popularity across the hospitality sector, including the restaurant and hotel sectors. The popularity of hotels are luxurious but not as expensive is growing along with the number of visitors from all social classes, with an even higher increase predicted. 

     

    These provide a cozy and useful remedy for the pricey nature of tourist accommodations and make it possible for everybody and everyone to visit the Emirate. Service apartments, moderately priced 3- to 4-star hotels, and Airbnbs are where this trend has most prominently appeared. 

     

    Sl no Topic
    1 Scope of the Report
    2 Market Segmentation
    3 Research Methodology
    4 Executive summary
    5 Introduction
    6 Growth in number of domestic travelers in UAE
    7 Foreign Tourist Arrivals and impact on UAE Hotel IndUAEtry
    8 UAE Hotels: Establishments by Hotel Category
    9 Total Room Revenue by Hotel Category & CUAEtomer Type
    10 Total Revenue by Hotel Category & CUAEtomer Type
    11 Guests by Hotel Category & CUAEtomer Type
    12 IndUAEtry Trends: The rise of co-working spaces and one day domestic trips
    13 Popular price point among travellers from major cities
    14 New hotel launches in 2022 and planned launches in 2023-2024
    15 Top 10 highest ADR, OCC and RevPAR cities in UAE- 2022
    16 GDP AND EXCHANGE RATE FACTORS ON TOURISM DEMAND
    17 Top 10 UAEan cities for Hotel Investments-2022
    18 Market restraints
    19 COVID impact on Hotel IndUAEtry in UAE
    20 Market Size, Dynamics And Forecast By Hotel Type, 2024-2030($M)
    21 Market Size, Dynamics And Forecast By Region, 2024-2030($M)
    22 Market Size, Dynamics And Forecast By Destination type, 2024-2030($M)
    23 Competitive Landscape
    24 Market share of major companies-2023
    25 Profitability analysis of major players
    26 Top UAE Hotel Chains 2022
    27 Growth and expansion strategies of major hotel chains in UAE
    28 Key Strategic Move: Partnerships, Collaborations and Agreements of Major Players
    29 Pipeline projects in major UAE countries
    30 Inventory analysis of major companies
    31 Company Profiles
    32 Unmet needs and Market Opportunity for Vendors
    33 Conclusion
       
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