Dubai Tourism Continues to Soar

04/03/2011 - Dubai Property News
Dubai Tourism Continues to Soar

 The number of visitors to Dubai soared by about 10.3% last year, according to new figures released by the Dubai Department of Tourism and Commerce Marketing (DDTCM). The report revealed that 8.6 million tourists flocked to Dubai in 2010, compared to 7.8 million the year before. Tourism revenue also reached Dh13.2 billion, compared to Dh12.4 billion in 2009. The figures also had a highly positive impact on hotels and hotel apartments in the emirate, which reaped a collective Dh11.2 billion of those tourism profits.

Last year 30 new hotels also opened up in Dubai, adding an extra 7,600 rooms to the mix, and bringing the total number of hotels across the city to 382. The report also showed that hotel and hotel apartment occupancy remained buoyant, staying at around a very minimum of 70% throughout the year. Some venues, including the First Group’s first hotel apartment project to launch, The Diamond at Dubai Sports City, saw occupancy levels surge to 100%. With tourism figures forecast to remain strong over the coming year, it spells yet more good news for investors in the city’s hotel sector. The First Group looks forward to adding to this vibrant industry with the upcoming launch of a number of new hotel apartment projects, including Metro Central, Grand Central and First Central, all located in ‘New Dubai’s’ Tecom business district.