View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
June 3, 2020

Hotel occupancies in Middle-East are expected to increase later this year

Hotels in the Middle-East including the UAE are expected to witness an increase in occupancy during the upcoming months, expects opined at the event Arabian Travel Market (ATM Dubai 2020).

Hotels in the Middle-East including the UAE are expected to witness an increase in occupancy during the upcoming months, expects opined at the event Arabian Travel Market (ATM Dubai 2020).

Industry stakeholders also advised against reducing average room rates due to limited demand, local publication Khaleej Times reported.

The report comes at a time when the hotels in Abu Dhabi and Dubai are gradually resuming operations following a temporary closure due to Covid-19 pandemic.

In the event, Colliers International head of Hotels in the MENA region Christopher Lund said that the hotels have to operate with reduced occupancy for the time being.

He also acknowledged that there are lots of uncertainty in the hospitality industry.

Lund was quoted by the publication as saying: “What we are seeing for 2020 in the region is potentially a drop in occupancy of 42%.

“We know that after the summer, the numbers won’t hit the typical 70-80% occupancy rates, but we hope that they will improve from today’s numbers.

“For 2021, we do expect the market to improve Q2 onwards, but, we will still be below 2019 levels. We expect a 46% increase over 2020 during that year.”

He also emphasised on transparency and trust to regain customer confidence.

Earlier this week, Abu Dhabi hotels were permitted to reopen private beaches.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Hotel Management Network