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Summary

Market Insights; Luxury Hotels UAE provides an overview of the United Arab Emirates Luxury hotel market, analyzing market data and providing insights. This report provides a better understanding of the number of tourists arriving to the UAE, where they are staying, their spending habits and future developments on the UAE tourist industry.

Key Findings

• UAE has a positive future with more than 12 million foreigners visiting in 2013, a figure that Travel and Tourism Intelligence Centre (TTIC) forecasts will increase to 18.6 million by 2018. The small emirate will expand its tourism industry significantly over the next 5 years as the government invests more to prepare for the hosting of major global events.

• Between 2006-2014, the number of rooms sold has grown by 79% and the number of rooms available in the market has risen by 86% during this period. After years of consecutive growth, the UAE has finally returned to the pre-recession GDP levels with 4.3% annual growth in 2014.

• The number of 5-star rooms has grown at a much faster rate than other segments of the hotel industry. Developments in the lower-end segment have been fairly flat in recent years, but there was some expansion in 2013. Of twelve hotels that opened in 2013, six were 5-star rated and three were 4 or 4.5-star rated.

• Government investment in infrastructural develop

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