The international airport in Dubai posted 7.2% growth in arrivals in 2016 compared to 2015, for a total of 83.6 million visitors, within a context where the hotel sector remains slow in the United Arab Emirates.
Paul Griffiths, CEO Dubai Airports, foresees 89 million passengers in 2017, which comes close to the airport's maximum capacity: 90 million passengers since the opening of a new terminal in February 2016.
This strong growth comes in a difficult hotel context for the city of Dubai and for the Middle East overall. Between January and November 2016 the city's hotels have posted an increase in occupancy by +0.6 points and a drop in its average daily rate of -8.4%. Hoteliers have have posted a revenue per available room (RevPAR) down by -7.7% on the first eleven months of the year. The change in its indicators may be explained by the explosion in supply and an aggressive price policy in light of the poor economic situation (marked by a drop in the price per barrel of crude). This priced strategy caused an increase in number of arrivals in the city.
For more details concerning the latest figures in the Middle East read our article: The well has run dry on the hotel industry in the Midlde East in 2016.
- The well has run dry on the hotel industry in the Middle East and North Africa in 2016
- Dubai's hotel supply surpasses 100,000 rooms
- Dubai: a new mega-project in the works
- Dubai: the hotel market continues to grow
- in New York: an old terminal soon to be converted into a hotel
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