Falcon and Associates

‘UAE hotel revenues may hit $10.9 billion by 2019’


The annual revenues of hotels in the UAE are predicted to record a two-fold increase to $10.9 billion in 2019 from $5.9...


The annual revenues of hotels in the UAE are predicted to record a two-fold increase to $10.9 billion in 2019 from $5.9 billion in 2013. Visitor attraction revenues are also forecast to double from $521 million recorded in 2013 to over $1.2 billion by 2019, a report published by Euromonitor International ahead of The Hotel Show and The Leisure Show Dubai 2015 opening. In 2015, UAE hotel revenues are forecast to reach $7.3 billion, while visitor attraction revenues will hit $ 638 million. The UAE is the number one market in the Middle East and North Africa in terms of hotel room revenues, with over three times the amount recorded for Saudi Arabia and Egypt. The UAE also leads the region in new hotel construction, said Christine Davidson, group event director of the dmg events hospitality portfolio.

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Khaleej Times, Al-Bawaba, Zawya


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