Arab Travel Market: New Study Shows Tremendous Growth in Hospitality Industry

Published on: Wednesday March 9, 2022

Despite the pandemic headwinds the global hospitality industry has faced over the past two years, new hotel development in key tourist destinations in Saudi Arabia, Qatar, Oman and the United Arab Emirates remains substantial, even according to global standards.

According to a new study commissioned by Arabian Travel Market and conducted in late 2021 by hotel market intelligence firm and global benchmarking firm STR, Makkah and Doha are both increasing their hotel room inventory by 76% , followed by Riyadh, Medina and Muscat with 66% , 60% and 59% growth respectively.

In Dubai, room growth stands at 26%, which is still extraordinary given its existing base and after years of continuous hotel development – ​​still more than double the global average.

Danielle Curtis, Director of the ME – Arabian Travel Market (ATM) exhibition, which takes place at the Dubai World Trade Center from 9 to 12 May 2022, said: “With a global average of 12%, we are seeing a six of the GCC destinations. these prices.

“These numbers, coupled with the continued easing of travel restrictions, will no doubt encourage travel professionals across the Middle East and beyond. As such, we expect a substantial increase in attendees at our live event this year, especially in Saudi Arabia, Qatar, Oman and the United Arab Emirates,” she added.

According to the report, there are nearly 2.5 million hotel rooms currently under contract globally, 3.2% or 80,000 rooms of this supply is in Saudi Arabia alone.

Additionally, although Expo 2020 Dubai is now drawing to a close (March 31, 2022), the mega event has been the catalyst for the accelerated growth of hotel rooms in the UAE with nearly 50,000 rooms due still be open across the Emirates.

Follow Doha closely with the final preparations for the 2022 FIFA World Cup being set up. Doha is on track to deliver 23,000 hotel rooms before and after the 2022 World Cup, adding to the country’s burgeoning hotel real estate portfolio.

“While the actual numbers may not seem particularly significant compared to the global hotel room pipeline, the growth relative to existing supply is staggering and underscores the government’s strategy to diversify their economies away from hotel room revenue. hydrocarbons and their confidence in the growth of tourism throughout the region,” said Curtis.

Now in its 29th year and working in conjunction with the Dubai World Trade Center (DWTC) and the Dubai Department of Economy and Tourism (DET) – formerly the Department of Tourism and Trade Marketing (DTCM) – the points ATM show highlights in 2022 will include, among others, destination summits focusing on key source markets of Saudi Arabia, Russia and India.

New this year will be ATM Travel Tech. Previously called Travel Forward, the rebranded and revamped event will feature the ATM Travel Tech Stage hosting seminars, panel discussions and presentations, including presentations from the finalists of the all-new Draper-Aladdin ATM Startup Competition.

The dedicated [email protected] forum will cover current and future trends for tour operators and attractions, focusing on business growth through marketing, technology, distribution, thought leadership and executive-level relationships .

ATM will once again play a vital role in Arabian Travel Week, a festival of events dedicated to enabling travel professionals around the world to collaborate and shape the recovery of the travel industry in the Middle East through exhibitions, conferences, information breakfasts, awards, product launches and networking events.

The UAE remains one of the most Covid-secure countries on the planet, with consistently low case rates and robust measures to keep tourists safe at every stage of their visit. Like its neighboring emirates, Dubai is committed to maintaining the highest health and safety standards. The World Travel and Tourism Council (WTTC) has endorsed its handling of the pandemic, awarding the city a “Safe Travels” stamp.

In line with the UAE government’s forward-thinking transition to a four-and-a-half-day, Monday-Friday work week, this year’s edition of ATM will begin on Monday, May 9.

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Tags: Arabian Travel Market, Dubai World Trade Center, United Arab Emirates