Page 318 - MOE ENGLISH PR REPORT - FEBRUARY 2024 ( International)

2/29/24, 3:34 PM Washington City Paper: The Free Source for Local News in D.C. | Press Releases
the future and transitioning towards a new economic model.

The Minister of Economy said: "The revenue of hotel establishments in the

UAE has surged to AED 32.2 billion from January to September 2023,

marking a 27 per cent growth compared to the same period in 2022.

Additionally, the number of hotel guests in the seven emirates of the UAE

reached 20.2 million during the first nine months of 2023, up 12 per cent
from the same period in 2022. Meanwhile, the hotel occupancy rate hit 75

per cent in the first nine months of the previous year, reflecting a six

percent year-over-year growth." His Excellency highlighted that these

indicators play a crucial role in achieving the national target set by the 'We

the UAE 2031' vision to elevate the sector's contribution to the UAE's GDP

to AED 450 billion by the next decade."

https://pr.washingtoncitypaper.com/article/UAEs-tourism-sector-maintains-its-exceptional-performance-in-light-of-visionary-leadership?storyId=65cf1c… 3/3