Friday, September 27, 2024 Dubai The Surge in Hospitality , In the first half of 2024, Dubai experienced a significant influx of new hotel rooms, with over 2,700 newly introduced to the market. This development was part of a broader trend anticipated to add an additional 10,100 rooms by the end of 2025, as reported by a leading real estate advisory group, Cavendish Maxwell. The findings suggest that Dubai’s hospitality sector continues to thrive and expand, which may have profound implications for the global travel industry.
Growth in Hotel Inventory Between January and June 2024, Dubai welcomed 12 new hotels into its burgeoning hospitality inventory, bringing the total number of establishments to 716. These hotels collectively offered nearly 149,750 rooms. The pipeline for future growth remains robust, with projections indicating that 40 more hotels will debut before the close of next year.
Furthermore, the report suggests that an additional 4,748 rooms are expected to enter the market in 2026 and 2027, signaling an ongoing commitment to expansion in the hotel sector. Breakdown of Hotel Categories The report indicated that the four-star category experienced the most significant growth compared to the previous year, with 436 new rooms delivered, marking a remarkable 216% increase over H1 2023. The five-star segment also saw impressive gains, with 1,681 new rooms coming online, representing an 111% rise.
Overall, high-end accommodations remain prevalent, with approximately 6.
