Research

Dubai Hospitality Market Dynamics, Q3 2024

Summary and analysis of Dubai's current hospitality real estate market conditions.

November 21, 2024

Contributors:

Faraz Ahmed
Muhammad Aijaz
Taimur Khan

Future mega developments aim to set new hospitality benchmarks and promote market growth.

Increased tourism levels support overall market performance with 2.5% and 2.7% YoY YTD growth for both ADR and RevPAR respectively.

Operators in the luxury segment continue to adjust rates and shift towards a volume-based strategy to offset drop in high spending demand.

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