UAE Hotel Revenue Hits $9.1 Billion in First Nine Months of 2024

The following year 2024 holds signs of further growth for the UAE’s tourism industry, since during the first nine months, hotel establishments have already received AED 33.5 billion ($9.1 billion), which is 4% more than in the first nine months of 2023.

Exceptional Occupancy Rates

The performance showed the UAE, particularity the seven emirates, had registered an average hotel occupancy rate of 77.8% which placed it among the world’s highest. The aggregate of hotel nights was recorded to be approximately 75.5 million from January to September 2024, a 8% year on year increase. These figures portray that the UAE’s popularity in the world for hospitable destinations is still on the rise.

Key Announcements in Cairo

Some of this success was brought to light when the UAE delegation took part in the 27th session of the Arab Ministerial Council for Tourism held in Cairo. The delegation stressed on the UAE’s keenness to promote joint cooperation in the Arab tourism Industry and underlined the importance which tourism plays in achieving sustainable development and economic prosperity of the region.

Tourism Beyond Economics

Besides the economic impacts of tourism, the UAE delegation underscored cultural contribution which encourages the Arab culture and the passage of history not only within the UAE but also with other Arab countries.

Current key strategies and development of tourism facilities have make UAE as a world’s most preferred tourist destination for cultural tourism to further strengthening the role of the country as a gateway to the world. An always growing revenue and occupancy rates mark the country’s tourism as an important segment of the state economy.