INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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.