The revenue of hotels in the UAE surged to AED 32.2 billion in the first nine months of 2023, marking a 27 per cent growth compared to the same period in 2022.
Between January and September 2023, hotels hosted more than 20 million guests to register a 12 per cent increase year-over-year.
Meanwhile, the occupancy rate hit 75 per cent, reflecting a six per cent growth.
These figures were revealed by Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the Emirates Tourism Council, during a meeting of the council on Thursday.
He said that these indicators play a crucial role in elevating the tourism sector's contribution to the UAE's GDP to AED 450 billion by the next decade under the 'We The UAE 2031' vision.
The fourth edition of the 'World’s Coolest Winter' campaign was launched earlier this month, targeting citizens, residents and tourists.
It will shine the spotlight on various tourism, natural and entertainment attractions and experiences across the UAE, under the theme 'Unforgettable Stories.'
Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.
Amazon.com IncĀ is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.
Dubai International Airport (DXB) is gearing up to accommodate a surge in travellers over the next two weeks, marking one of the busiest travel periods of the year.
The UAE and India have reviewed the progress of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries that aim to advance bilateral trade towards a shared goal of $100 billion.