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 Land Department signs 11 agreements
Trump signals tit-for-tat China tariffs may be near end; TikTok deal on ice
Mubadala announces $600M investment in Nord Anglia Education
Shein, Temu to hike prices under pressure from Trump's trade policies
US issues new sanctions targeting Chinese importers of Iranian oil
