The change will require a new strategic approach, one which can enable hotels to understand market trends and build the internal capabilities required to succeed in a new landscape. An 8% growth in GDP of these tourist destinations is expected for year on year basis. The UAE's hospitality industry is upbeat on the second half of 2018 and ready to welcome 2019 on a positive note. Headlines RESEARCH UAE MARKET REVIEW AND FORECAST 2019 Please refer to the important notice at the end of this report. Just submit your details and we’ll be in touch shortly. (Shutterstock), Sign up to our newsletter for exclusive updates and enhanced content, Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news, UAE Hospitality Industry to Reach $7.6 Billion by 2022, . There is a rise in the use of technology across operations in the industry. Upcoming mega events and government initiatives to boost tourism are the primary drivers behind this growth. “We have the capabilities and experience to deliver the answers you need to move forward.”, 100% Foreign Ownership Permitted in the UAE. This whole scenario clearly predicts the future aspects for hospitality sector in UAE. Do you have any Questions? According to experts, Dubai is leading UAE and the whole Gulf region in this aspect as most of over 200 projects related to hotels and restaurants in UAE are present in this emirate. With self check-in, app-based stay management and other services, we are able to align ourselves with the evolving world. Top executives from global hospitality brands shared their expectations and preparedness with Gulf Today during the Arabian travel Market 2019. Along with that, the 5 year CAGR of 6% will grow hotel supply to 183,718 hotel rooms. According to experts, Dubai is leading UAE and the whole Gulf region in this aspect as most of over 200 projects related to hotels and restaurants in UAE are present in this emirate. One such important sector is the tourism and hospitality sector. In the UAE’s hospitality sector we anticipate that the changing nature of room night demand and sustained development pipeline will result in RevPAR levels weakening over 2019. Growth in hospitality sector revenue of individual GCC countries is expected to range from 6 per cent to 12 per cent. Try our corporate solution for free! With the current trajectory, it will scale greater heights in the future. We also see the prevalence of a service quality on par with global standards. Would you like to speak to one of our Business Setup Consultants over the phone? The GCC hospitality market is expected to grow at a 7.2 per cent CAGR from an estimated $22.9 billion in 2017 to $32.5 billion in 2022. The tourism and hospitality sector in the UAE is growing and will get more acceleration leading to the Expo 2020 Dubai to meet the rising demand of visitors travelling to Dubai from over 192 countries. These include opening of new tourist attractions, exemption of VAT for tourists, Expo 2020 preparations and its potential for boasting tourism sector in future. Last Year, Dubai had thousand of tourists and it is being expected it would be up to 2 million now. The sector has received massive support from the government in terms of new policies, opening of new tourist destinations, exemption from value-added tax (VAT) for tourists, preparations for Expo 2020 Dubai - these are some of the prime growth drivers that will steer forward the growth trend. Few of the most famous presentation of these departments are: Dubai Parks & Resorts, Dubai Frame, Warner Bros Theme Park, The Louvre Abu Dhabi, Sharjah’s heritage area and others. In addition, the industry is expected to also see increased adoption of Airbnb-type renting models. The tourism and hospitality industry has established itself as a major employment sector in the United Arab Emirates. Even the holy month of Ramadan was a busy period this time compared to the past.". The UAE's hospitality industry is upbeat on the second half of 2018 and ready to welcome 2019 on a positive note. Thank you Sabih! Furthermore, with the Expo 2020 inching closer, we expect an uptick in the hospitality industry, especially from September onwards, which is typically the start of the high season for the segment. 2019 Outlook: Gulf region's hotel industry is resilient and will continue to perform well amid challenges. Different departments in UAE are responsible for this growth including: Dubai’s Department of Tourism & Commerce Marketing, Department of Culture & Tourism (Abu Dhabi), Sharjah Tourism Board etc. In addition, the industry is expected to also see increased adoption of Airbnb-type renting models. UAE Leaders Open The Doors to $1 Billion Warner Bros. World in Abu Dhabi, Dropping in Demand Results in 2 Percent Fall in Abu Dhabi Rents, UAE: Shoppers Catch White Friday Sale Fever, IATA: Mideast Quarantine Measures are Not Working, Reports Claim: Iranian Nuclear Scientist Mohsen Fakhrizadeh Assassinated Near Tehran, BIC Gets F1 Gulf Air Bahrain Grand Prix 2020 Underway, Qatar Committed to Creating World Cup Fan Experience Centered on Smart Tech: Al Thawadi. These and other steps are increasing chances of growth of hospitality sector in UAE. Aleph Hospitality reveals five top trends impacting the regional hospitality industry outlook for 2020 09 December 2019. Subscribe to our newsletter for exclusive updates and enhanced content, The UAE, led by Dubai with a volume of new developments in the Middle East, has over 200 projects underway. Additionally, the recent UAE-China strategic partnership and the UAE's new transit visa rules are expected to draw in more visitors," said Mamoun Hmedan, managing director for the Mena and India at Wego. Regional players such as Emaar Hospitality, Rotana, CityMax Hotels and Habtoor Hotels are building room inventories and increasing their construction pipelines at a substantial rate. and the main reason of this, UAE Government is playing a big role in the development and management of Tourism. The second quarter of 2018 witnessed marginal year-on-year growth as compared to 2017 in the hospitality sector. Copyright © 2020 Khaleej Times. Regional players such as Emaar Hospitality, Rotana, CityMax Hotels and Habtoor Hotels are building room inventories and increasing their construction pipelines at a substantial rate. In the UAE’s hospitality sector we anticipate that the changing nature of room night demand and sustained development pipeline will result in RevPAR levels weakening over 2019. It is expected that Dubai will receive more than 20 million tourists by 2022 and its hotel supply in 2019 will reach to 132,000. Dubai is currently the home to 104 five-star hotels, and we can expect the Emirates' hospitality sector to experience a strong, sustain growth over the coming years with occupancies to reach 35.5 million annually by 2019, representing a 10.2 per cent compound annual growth rate over the next 24 months," points out Arshad Kazi, money master at Xpandretail. "This upbeat sentiment can be attributed to the dedication and proactive efforts by the Dubai's Department of Tourism and Commerce Marketing, Sharjah Tourism Board, Department of Culture and Tourism - Abu Dhabi and Ras Al Khaimah Tourism Development Authority to attract more travellers to the nation. Bahrain and Oman are also expected to grow at a rate higher than the GCC average.

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