Thursday 9 April 2020

Abu Dhabi 2019 hotels revenue surges 6.8pc to $1.6bn

ABU DHABI, February 15, 2020

Hotel establishments across Abu Dhabi witnessed solid growth in 2019 registering a 6.8 per cent increase in its revenues which soared to Dh5.83 billion ($1.6 billion) from Dh5.46 billion ($1.48 billion) the previous year,, according to figures revealed by the Statistics Centre - Abu Dhabi (SCAD).
The significant growth was driven by a considerable increase in tourist and guest arrivals on the back of multifaceted international business events and edutainment activities organised in the UAE capital in 2019, including Abu Dhabi International Book Fair, IDEX 2019, AFC Asian Cup UAE 2019, the Naval Defence & Maritime Security Exhibition, NAVDEX, and several others, stated SCAD report.
The hotels saw room revenues up supported by rising guest arrivals to around Dh3.2 billion, accounting for 54.9 per cent of total revenue, a growth of 11.1 per cent from Dh2.88 billion in 2018.
The first quarter of 2019 saw the revenues grow to Dh1.724 billion against Dh1.485 billion in the corresponding period the year before, stated the report. 
They maintained the momentum until the last quarter of the year, rising to Dh1.836 billion by December, it added.-TradeArabia News Service 


More Travel, Tourism & Hospitality Stories

calendarCalendar of Events