Dubai’s hospitality sector is experiencing rapid growth, with 12 new hotels and more than 2,700 rooms added in the first six months of 2024, bringing the city’s total number of hotels to a record 716, offering nearly 149,750 rooms, according to Cavendish Maxwell . The property consultancy firm said the expansion is set to continue, with 40 more hotels expected to open by the end of 2024, as well as 4,748 more rooms between 2026 and 2027. “Dubai’s world-leading, record-breaking hospitality sector continues to flourish, thanks to the emirate’s robust economy, growing investment in infrastructure and increased focus on experience-based tourism,” said Gergely Balint, associate partner, Commercial Valuation and hospitality real estate expert at Cavendish Maxwell.
The city’s hotel growth is particularly pronounced in the 4-star and 5-star categories. The number of 4-star rooms increased by a staggering 216 per cent in H1 2024, with 436 new rooms added, while the 5-star segment saw a 111 per cent increase, with 1,681 new rooms coming online. Cavendish Maxwell’s report shows a continued dominance of high-end accommodations.
The latest figures show that 67 per cent of Dubai’s hotel inventory in H1 2024 fell into the luxury, upper upscale, or upscale categories. Similarly, mid-range options accounted for 27 per cent of inventory during the first half of the year, and economy hotels made up only 5 per cent. Dubai’s luxury hotel scene is thriving.
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