Page 415 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/11/25, 3:21 PM UAE hotel revenues grow to $12.25 billion in 2024 as occupancy rate hits 78 percent

Read: Saudi travel surplus hits record $13.3 billion in 2024, marking 7.8 percent yearly
growth

Hotel guest numbers grow to 30.8 million

In a recent statement to WAM, Scott Livermore, ICAEW economic advisor and chief economist and
managing director of Oxford Economics Middle East, highlighted that the UAE’s non-oil sector is
expected to grow by 4.6 percent year-on-year in 2024.

He added that industries outside oil, particularly travel and tourism, will continue to thrive, with
visitor numbers to Dubai and traffic through DXB reaching unprecedented levels. He indicated that
visitor numbers are likely to rise significantly, increasing by over 20 percent this year and achieving
double-digit growth again next year.

Bin Touq also revealed that the number of hotel guests across the UAE reached approximately 30.8
million in 2024, reflecting a 9.5 percent growth. This milestone represents 77 percent of the hotel
guest target set by the ‘National Tourism Strategy 2031’ – achieved seven years ahead of schedule.

“With the current growth trajectory, we are well on track to achieving the strategy’s ambitious goal
of attracting 40 million hotel guests,” he added.

This year promises a vibrant lineup of events and dynamic tourism campaigns aimed at promoting
the UAE’s most iconic landmarks and distinctive destinations across the seven emirates, particularly
after Al Ain was named the Gulf Tourism Capital for the year 2025.

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