Sabrina Princigalli’s Post

Abu Dhabi's hospitality sector is undergoing a significant transformation, driven by strategic investments and the ambitious Tourism Strategy 2030. The city is setting new standards in luxury and innovation while maintaining competitive pricing. Key developments include reduced hotel fees, new cultural sites, and a $10 billion investment to create nearly 200,000 new jobs by 2030. As of May 2024, Abu Dhabi has 142 hotels with 31,019 rooms, and an additional 1,817 rooms expected by 2027. This growth is supported by strong occupancy rates, which soared to 80.3% in April 2024.  Key insights were provided by Turab Saleem, Knight Frank; Nicolas Nasra Jr., Colliers; Remus C. Palimaru, Rosewood Abu Dhabi; Michael Koth, General Manager at Emirates Palace Hotel Suites - الشارقة Mandarin Oriental Abu Dhabi & Area Vice President Operations at Mandarin Oriental Hotel Group; Ahmed Issa, Shangri-La Group and Traders Hotel, Qaryat Al Beri, Abu Dhabi; and Abdulla Yousuf, Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi)  Read more: https://lnkd.in/d7CQTWdA #hospitality #hotels #luxury #travellers #tourism #abudhabi #uae #middleeast #occupancy #revenue #investment #assets

💸 Dubai’s Hotel Revenue is Climbing! Here’s Why ADR is on the Rise 💸 Dubai’s hotel industry is seeing a significant boost in Average Daily Rates (ADR), which means revenue per available room (RevPAR) is climbing as well. 🏨📈 This trend points to a healthy pricing environment and shows that travelers are willing to pay a premium for the Dubai experience. 🌟 But what’s fueling this rise in ADR? High Demand for Luxury: Dubai’s hospitality scene is known for its luxurious offerings. With high-end hotels dominating 67% of the market, visitors are increasingly attracted to the unique experiences these premium accommodations provide. This surge in demand naturally leads to higher ADR, reflecting the value of these unforgettable experiences. 🏙️✨ Strategic Pricing: Hotels are adopting smart pricing strategies to align with peak seasons, events, and travel trends. By optimizing room rates based on demand patterns, they’re not only driving ADR but also maximizing revenue potential across the board. 💡📊 Market Recovery: Post-pandemic, Dubai has seen a surge in tourism, supported by global events and government-backed tourism initiatives. The return of international travel, coupled with Dubai’s commitment to safety and luxury, has bolstered demand, allowing hotels to maintain and even increase their rates. 🌍✈️ Increased Value Offerings: From wellness-focused retreats to tech-enhanced stays, hotels in Dubai are elevating their amenities and services, giving guests more value for their money. This added value not only enhances the guest experience but also justifies the premium pricing. 🌱💼 Dubai’s rising ADR and RevPAR signal a robust, sustainable growth in its hospitality sector. For investors, hoteliers, and tourism professionals, this is an exciting time to tap into Dubai’s booming market! #DubaiADR #HospitalityRevenue #LuxuryHotels #DubaiTourism #TravelTrends #HotelIndustryGrowth #RevPAR #HighEndTravel #UAEHotels #MarketRecovery

Witnessing the impressive growth of the UAE’s tourism sector is not only inspiring but also a reminder of the power of strategic investments in infrastructure and guest experiences. The recent news about hotel revenues in the UAE soaring to AED 24.6 billion (US$ 6.7 billion) in the first half of 2024 and the remarkable increase in hotel guests highlights the nation’s position as a global leader in tourism. At Ornisa Pvt Ltd., we are privileged to be part of this growth by providing premium linens to some of the world’s top hotels, including those across the UAE. The 10.5% increase in hotel guests reflects not just numbers but also the shift toward higher expectations for quality and luxury. Travelers today seek comfort, aesthetics, and a memorable experience. With UAE hotel occupancy rates hitting 79.5%, one of the highest globally, hotels must maintain world-class standards in comfort and service to stay competitive and build loyalty among guests. In the next phase of growth, I believe the key challenge for hoteliers will be differentiation. With the UAE welcoming millions of new visitors and expanding its hotel offerings, the hospitality industry must focus on creating exceptional experiences. Luxurious, meticulously made linens, paired with impeccable service, form a core part of that experience—an aspect we’re proud to contribute to. #news #uae #tourism #hotelindustry

🔥 Dubai's Hotel Boom: Are You Ready for What's Next? 🔥 In just the first half of 2024, Dubai has added 12 brand-new hotels, bringing an impressive 2,700+ rooms to its vibrant hospitality landscape—and there’s no slowing down! With 40 more hotels planned by year-end, Dubai is setting the stage for an unprecedented surge in luxury, innovation, and opportunity within the hotel industry. 🏨🌇 What’s driving this rapid growth? A rising demand for premium experiences, innovative technology, and sustainability-focused accommodations that cater to global travelers and business professionals alike. Dubai's commitment to being a world-class tourism hub isn’t just a vision—it’s happening right now. ✈️🌍 For those in the hospitality industry, travel enthusiasts, or savvy investors, this is a game-changer. Dubai’s hotel boom is more than just new buildings; it's creating new standards, elevating the customer experience, and transforming the region’s travel scene. The opportunity is here—are you ready to dive in? 🌟💼 #DubaiHotels #HospitalityGrowth #TravelTrends #HotelExpansion #LuxuryExperiences #MiddleEastTourism #UAETravel #TourismBoom #FutureOfHospitality #InvestmentOpportunities

Investo Consulting Group /INVESTO Millionaires Community- here we dedicatedly working for selected hospitality brands in India, sharing you a quick fact here- London holds the record for the most five-star hotels in the world, boasting a total of 75 luxury accommodations. This makes it the top city for high-end hotel options, catering to luxury travelers seeking a premium experience. Dubai comes in second with 61 five-star hotels, renowned for its opulent hospitality industry and landmark resorts. New York follows with 59 five-star hotels, many of which are iconic and historic properties that attract visitors from around the globe. This ranking underscores London’s standing as a prime destination for luxury tourism, followed closely by Dubai and New York. What about Indian Cities? #LuxuryTravel #FiveStarHotels #goa #LondonLuxury #DubaiHotels #delhi #NewYorkHotels #TravelFacts #mumbai #LuxuryHotels #TopDestinations #india #VisitLondon #TravelInspo #france #HotelTrends #TravelBucketList #usa #LuxuryLifestyle #CityTravel #europe #GlobalDestinations #luxury #hotel #resorts #LuxuryLifestyle #travel #facebookviral #FacebookPage #investo #everyone #foryoupage #realestate

"Assured Commissions for Partners: DAMAC Hotels & Resorts and Paramount Hotels Ride the Wave of GCC Tourism Growth – Insights from Dean Rossilli, Senior VP of DAMAC Hospitality" DAMAC Hotels & Resorts and Paramount Hotels have benefitted from the continuous growth of tourism in the Gulf Cooperation Council region. The rising travel demand brings in a steady economy and the expansion of new source markets. Dean Rossilli, Senior Vice President, DAMAC Hotels & Resorts shared with TRAVTALK some key trends and insights. Could you share details about the performance over the past year? Over the past year, our performance has demonstrated significant growth. This trend is particularly notable in the realm of travel demand, where we have observed a marked uptick, accompanied by the emergence of new opportunities within burgeoning markets. Notably, we have reinforced our efforts to drive brand awareness and the reputation of DAMAC Hotels and Resorts and Paramount Hotels in the GCC and beyond. We find ourselves positioned within a landscape of burgeoning opportunities, poised to capitalise on this resurgence and contribute to Dubai’s continued ascent towards its glory days. Paramount Hotel Dubai, Damac Maison Aykon City, Paramount Hotel Midtown 👉 Read the full article here: https://lnkd.in/geBNEqTc

Reinventing Luxury: A New Era in UAE and Saudi Arabia's Hotel Industry 🚀✨ Khaleej Times has shed light on how hotels in the UAE and Saudi Arabia are revolutionizing modern luxury. The face of luxury travel is changing, and hotels in the UAE and Saudi Arabia are at the forefront of this transformation.✨ “The traditional hotel industry, as we once knew it, is dead, but it has evolved into a customer experience industry. Providing extraordinary customer experience is no longer a luxury but it is essential. Today, luxury goes beyond grand lobbies, expansive receptions, and state-of-the-art rooms. It is about ensuring every detail reflects the guest’s unique personality,” says JS Anand, our Founder and CEO of Leva Hotels. Gone are the days of cookie-cutter luxury. Today’s travelers seek hyper-personalization, cutting-edge technology, and meaningful sustainability. Hotels are redefining luxury to cater to the modern guest, going above and beyond to craft unforgettable stays. 🏨🔍 The evolution of luxury is here, blending comfort with innovation and culture with sustainability. Discover how the UAE and Saudi Arabia are setting new standards for what it means to travel in style. 🌍✨ A big thank you to Khaleej Times for this thought-provoking piece that highlights how the region is setting new benchmarks for modern luxury travel. 👏 Read the full article here: https://lnkd.in/d9VY_yY3 #LuxuryTravel #HotelInnovation #Sustainability #TechInTravel #CulturalExperience #TravelTrends #ModernLuxury #ForTheSlightlyMoreCurious #StayLEVA #LEVAHotels

📈 Dubai’s Record-Breaking Hotel Occupancy: What’s Fueling the Demand? 📈 Dubai’s hotel industry is celebrating a major milestone—occupancy rates have hit a six-year high! 🏨✨ As travel demand surges back, Dubai’s robust recovery has positioned it as one of the world’s leading destinations. This remarkable occupancy rate isn’t just a statistic; it’s a testament to Dubai’s resilience, strategic tourism initiatives, and unwavering commitment to growth. 🌍🚀 What’s driving this occupancy boom? Several factors come into play: Global Events: Major global events, like world-class exhibitions and conferences, continue to attract visitors, making Dubai a thriving hub for business and leisure. 📅💼 Luxury & Innovation: Dubai’s luxury hotels offer exclusive, innovative experiences that cater to a global audience, from exquisite spa retreats to high-tech amenities and culinary excellence. Dubai hotels know how to deliver wow-factor stays that keep guests coming back! 🍸🏙️ Tourism Diversity: With stunning beaches, desert adventures, vibrant cityscapes, and a reputation for safety and world-class services, Dubai appeals to a wide range of travelers. Families, luxury seekers, and business professionals all find something special here. 🏖️🏜️ Government Initiatives: The UAE’s visionary approach to tourism, backed by supportive policies, has streamlined travel and attracted international visitors. Initiatives like "Dubai 2040 Urban Master Plan" reflect a long-term commitment to tourism growth and infrastructure development. 🌆🌟 Dubai’s post-pandemic recovery in the hospitality sector showcases the city’s adaptability and forward-thinking. This occupancy peak is more than a comeback—it’s a new beginning. For investors, industry experts, and travelers, Dubai’s hotel industry is setting the pace for the future. Ready to be part of this vibrant journey? 🌠✈️ #DubaiHotels #OccupancyRates #TravelRecovery #LuxuryTravel #HospitalityTrends #DubaiTourism #UAEGrowth #PostPandemicTravel #MiddleEastBusiness #TravelInspiration

The Kingdom's hospitality sector is set to expand its luxury offerings, with projections foreseeing upscale and luxury offerings dominating the market, expanding from 66% to 72% by 2030, resulting in approximately 251,500 new hotel rooms. Turab Saleem - Partner and Head of Hospitality, Tourism & Leisure Advisory, MEA, highlights the government's proactive strategies aimed at achieving a target of 150 million visitors by 2030. Daniel Pugh - Partner and Head of Hospitality, Valuation & Advisory, MENA, emphasises the substantial investment needed, particularly in the Holy Cities, to realise this ambitious goal of 320,000 hotel rooms, requiring around US$104 billion in construction costs, with the Holy Cities alone necessitating US$70 billion for 221,000 hotel rooms. With religious tourist numbers expected to increase from 30 million to 50 million by 2030, significant development efforts are underway to meet this growing demand. Read the full article on: https://lnkd.in/daT-2Muk To download our latest Saudi Hospitality Market Review, 2024 - please visit: https://lnkd.in/eQgrw8gk Harmen de Jong, Faisal Durrani, Amar Hussain, Manish Das #KnightFrankMENA #HospitalityExpansion #TourismGrowth #HotelDevelopment #TravelIndustry #HospitalityTrends

Saudi Arabia plans to add 320,000 hotel rooms by 2030 to meet tourism demand. According to a recent report by Knight Frank, a renowned property consultancy, Saudi Arabia plans to significantly boost its hospitality sector by adding a whopping 320,000 new hotel rooms by 2030. Presently, a substantial 66 percent of the kingdom's existing hotel offerings belong to the upscale and luxury categories, a figure poised to rise to 72 percent, equating to around 251,500 rooms. Driven by an ambitious goal of welcoming 150 million visitors by 2030, a 50 percent increase from previous targets, the Saudi government is actively strategizing to allure international travelers. Turab Saleem, Partner and Head of Hospitality, Tourism, and Leisure Advisory at Knight Frank, emphasized the implementation of diverse cultural and entertainment initiatives across the nation to complement existing attractions like the Jeddah F1 Grand Prix and theme parks.