Dubai Shopping Festival Visitors Prove Record Spenders

01/04/2012 - Dubai Lifestyle News
Dubai Shopping Festival Visitors Prove Record Spenders

Tourists to the UAE during the Dubai Shopping Festival have broken spending records, according to a new report released by Visa. The total amount spent on international Visa credit cards from January 5th – February 5th 2012 shot up by 22% to a staggering $497 million, compared to just over $406 million during DSF in 2011. Cardholders from Russia, Saudi Arabia and the US were the biggest spenders, contributing to more than $122 million, $106 million and $92 million respectively. Besides the retail sector, Dubai’s hotel industry was one of the biggest sectors to profit from increased visitor numbers during this year’s DSF, with soaring occupancy levels and revenue making it the top performing hotel market in the world.