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UAE hotels generate $10 billion in first ten months of 2024
From January to October 2024, hotel revenues reached approximately $10.02 billion, reflecting a 4% increase compared to the same period in 2023.
The UAE’s tourism sector continues to thrive, driven by the country’s strategic vision and leadership, says Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the UAE Tourism Council.
Between January and October 2024, hotel revenues surged to approximately $10.02 billion, marking a 4% increase from the same period in 2023. Occupancy rates also climbed to nearly 78%, reflecting a 2.7% year-on-year rise, highlighting the UAE’s growing appeal as a global destination.
Al Marri highlighted that these figures reaffirm the UAE’s strong tourism growth, aligning with the National Tourism Strategy 2031, which targets a GDP contribution of $121.5 billion by 2031.
Chairing the first UAE Tourism Council meeting of 2025, he emphasized that innovative projects and initiatives would be key drivers of the sector’s continued expansion this year.
The council, comprising heads and directors-general of local tourism authorities, reviewed the success of the fifth edition of the World’s Coolest Winter campaign, which reinforced the UAE’s position as a leading global tourism destination. Discussions also covered upcoming initiatives and projects to accelerate the sector’s growth in 2025.
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