A boom time for the hospitality industry

DUBAI — Dubai’s booming hospitality industry showcased its vibrancy by posting over 42 per cent growth in revenues during the January-September 2004 compared with the corresponding period last year with the hotels and hotel apartments playing host to 4,099,772 guests.

By A Staff Reporter

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Published: Thu 23 Dec 2004, 11:02 AM

Last updated: Thu 2 Apr 2015, 1:33 PM

The volume of business done by the Dubai hotels industry in the first nine months of 2004 was Dh4.38 billion.

The fast-expanding industry remained upbeat with a spectacular 28.6 per cent increase in total guest nights which stood at 11,541,417.

There was a 27.8 per cent increase in revenues in Q3 2004 compared with the corresponding period last year. The Q3 2004 revenues totalled Dh1,307,175,851 as against Dh1,022,984,449 in the third quarter of 2003.

The number of guest nights in hotels and hotel apartments recorded a 14.5 per cent increase in the third quarter of 2004 compared with 3,387,866 guest nights generated during the same period in 2003. Hotels and hotel apartments’ room inventory went up by two per cent to reach 26,206 against 25,683 in Q3 2003. Beach properties were way ahead of the city-centre hotels in terms of occupancy levels, with a rate of 90 per cent in August 2004 as against 84.2 per cent during the same month last year. This is followed by 87.1 per cent in September 2004 compared with 76.6 per cent the same period last year.

The Director General of Dubai Department of Tourism and Commerce Marketing (DTCM), Khalid A bin Sulayem, said: “The phenomenal growth of the emirate’s tourism industry in general and hospitality sector in particular proves Dubai’s popularity as an ideal year-round business and leisure destination.”

The July-September period witnessed hotel revenues going up by 29.1 per cent while the hotel apartments posted 18.8 per cent in their quarterly business volumes. Hotel and hotel apartments in the Dubai currently offers a total of 26,206 rooms and 43,134 beds.

The Arabian Gulf’s trade, tourism and technology hub has been posting impressive year-on-year growth, even in times of global uncertainties and negative trends. The impressive growth being recorded by the hospitality industry year after year is the result of the department’s pro-active policy of cooperation and support to the private sector. The hotel room occupancy rate during the third quarter of 2004 was 79.4 per cent.

Room occupancy levels rose by 16.5 per cent and bed occupancy showed 22.2 per cent growth during the January-September period.



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