Dubai has topped the regional hospitality markets with strong expectations for 2024, offering more hotel rooms than major global capitals like London, New York, and Bangkok. As of this month, Dubai’s hotel room capacity has exceeded 150,000 rooms. The latest data from Dubai’s Department of Economy and Tourism indicates that the city welcomed 17.15 million visitors in 2023, with an increase in average length of stay. According to Deloitte, the peak occupancy rate reached 88% in February .
Insights from Deloitte and STR point to sustainable growth, with tourism remaining a key priority for regional governments. The upcoming edition of the Arabian Travel Market, the leading global event in travel and tourism, will serve as an ideal platform bringing hospitality stakeholders together under one roof from May 6 to May 9, 2024, at the Dubai World Trade Centre.
Danielle Curtis, Exhibition Director of the Arabian Travel Market in the Middle East, stated that with the ongoing development of the hospitality scene in the Gulf Cooperation Council (GCC) region, data paints a compelling picture of growth and opportunities. The Arabian Travel Market 2024 will feature a wide range of major hospitality brands from around the world, with a notable 21% increase in exhibition space dedicated to hotel brands this year, reflecting strong interest and demand .