UAE tourism generates $12bn in hotel revenues in 2024

The hotel revenues in the UAE reached approximately AED45 billion ($12 billion) in 2024, reflecting a 3 per cent year-over-year growth, stated Abdulla Al Marri, Minister of Economy and Chairman of the Emirates Tourism Council, reported WAM.

 

Hotel occupancy rates also climbed to 78 per cent last year, ranking among the highest both regionally and globally.

 

This growth was supported by the opening of 16 new hotels across the seven emirates in 2024, taking the total number of hotels in the country to 1,251 by the end of the year. In addition, the number of hotel rooms also grew, reaching 216,966 by the end of 2024, up 3 per cent.

 

Tourism remains a key pillar in strengthening the competitiveness and resilience of the national economy, supporting the country's transition toward an economy driven by knowledge and innovation, he noted.

 

He attributed this growth to the wise leadership's directives and forward-looking vision, which led to the development of sustainable policies, strategies, and initiatives that drive the sector's progress.

 

Al Marri added, "The UAE continues to advance its national efforts to develop innovative tourism initiatives and projects, while strengthening collaboration with all relevant local and international tourism bodies. These efforts aim to elevate the UAE's status as the best tourism identity globally by the next decade, offering world-class experiences that further enhance the country's appeal to visitors from around the world. We are also focused on diversifying special interest tourism offerings, building the sector's capacities, fostering the participation of Emirati talent, and driving greater investment across all areas of the tourism ecosystem."

 

He noted that the number of hotel guests across the UAE reached approximately 30.8 million in 2024, reflecting a 9.5 per cent growth. This milestone represents 77 per cent of the hotel guest target set by the 'National Tourism Strategy 2031' - achieved seven years ahead of schedule.

 

"With the current growth trajectory, we are well on track to achieving the strategy's ambitious goal of attracting 40 million hotel guests," Al Marri said.