Search Site

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

UAE outperforms ten global tourism destinations in H1

Hotel and tourism sector in the UAE recorded a 62 percent occupancy rate in H1-2021, outperforming 10 other major global tourism destinations. (AFP)
  • Hotel revenues grew by 31 percent to reach AED11.3 billion.
  • Domestic tourism accounted for 30 percent of the total number of guests at hotels.

DUBAI: Hotel and tourism sector in the UAE recorded a 62 percent occupancy rate in H1-2021, outperforming 10 other major global tourism destinations.
The Emirates was ahead of China (54 percent), the US (45 percent), Mexico (38 percent), the United Kingdom (37 percent) and Turkey (36 percent).
The country’s hotel and tourism establishments attracted nearly 8.3 million guests during this period, recording 15 percent growth compared to that of H1-2020.
During the reference period, guests spent nearly 35 million nights in the UAE hotels reflecting a growth of 30 percent, while the average length of their stay increased to 4.1 nights at a 12.5 percent growth. The government said there was a 31 percent growth in hotel establishments’ revenues, which reached AED11.3 billion.
Domestic tourism accounted for 30 percent of the total number of guests at these hotel establishments.
Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, and Chairman of the Emirates Tourism Council, said the results reflect the strength and flexibility of the national tourism sector, the development of the UAE’s tourism market and the diversity of its products, and the efficiency of national campaigns in highlighting the tourism components that characterize the country.