Kempinski Ajman Wed, 08 Dec 2021 01:00:01 +0000 en-US hourly 1 Kempinski Ajman 32 32 Safeen Feeders Strengthens UAE Coastal Refueling Service Fleet Tue, 07 Dec 2021 06:09:32 +0000

Safeen Feeders, one of the AD Ports group’s leading container refueling operators, has acquired a container ship that will strengthen its fleet of refueling services in the Persian Gulf.

Safeen Pearl, formerly known as Vega Virgo, will be deployed in its UAE Coastal Service (UCO) providing seamless connection to UAE coastal ports through its hub at Khalifa Port, according to a WAM report.

The UAE-Coastal Feeder Service provides shipping customers with a seamless connectivity solution that expedites last-leg deliveries between the group’s flagship, Khalifa port, and the coastal ports of Ajman, Umm Al Quwain, Ras Al Khaimah, Sharjah and Fujairah, while supporting the movement of goods and the optimization of local supply chains.

Additionally, the cost-effective service complements Safeen Feeder’s United Arab Emirates Indian Subcontinent (UIG) Gulf service which benefits exporters operating from the West Coast of India and Pakistan by allowing them to connect their volume to coastal ports of the United Arab Emirates.

It also provides a hub and spoke network option to major shipping lines calling at the port of Khalifa.

Captain Maktoum Al Houqani, Director of Enterprise Authority and Acting Head of Maritime Cluster – AD Ports Group, Managing Director of Abu Dhabi Maritime Academy, said:, and also brings a host of enhanced capabilities and indispensable capabilities within the ranks of our service fleet.

“As part of the UAE Coastal Food Service, Safeen Pearl will dramatically improve our ability to provide customers with a flexible, agile, sustainable and cost-effective solution that meets their demand for coastal service to the UAE from our hub in Khalifa It will also develop our ability to target customers in the Indian subcontinent and the Persian Gulf region and connect them with some of the largest ocean liners in the world.

Safeen Pearl has a Registered Gross Tonnage (GRT) of 10,000 tonnes and a rated handling capacity of 966 TEUs. It has an LOA of 139 meters, a width of 22.6 meters and a draft of 8.8 meters. It was built in South Korea in 2012.

Captain Abdulla Darwish Al Hayyas, Director of Maritime Transport Affairs at the Ministry of Energy and Infrastructure, said: “The UAE has consolidated its pioneering position among the best maritime hubs in the world.

“The UAE’s ports rank among the top 10 internationally in terms of container handling volume. UAE ports handled over 19 million TEUs in 2020. The addition of Safeen Pearl to AD Ports Group’s food service fleet in the Persian Gulf will improve the UAE’s position and its maritime trade and transhipment capabilities.

“The registration of the vessel, which bears the flag of the United Arab Emirates, confirms that it meets all the requirements set by international organizations regarding the flag State in accordance with regulations and procedures that ensure the safety, protection of the environment and maritime safety.

“In addition, this decision also supports the UAE’s candidacy for re-election to the Council of the International Maritime Organization (IMO) in Category B, which will take place next month; support the active role of the United Arab Emirates in the service of the maritime transport sector and international trade. “

Launched in 2020, Safeen Feeders was established to provide premium food services connecting Abu Dhabi with other crucial ports in the United Arab Emirates, the Gulf region and the Indian subcontinent. Safeen Feeders currently operates its services under a joint business agreement with Bengal Tiger Line (BTL), a well-known food service operator. The current service network offered by Safeen Feeders covers nine key ports in the target region and intends to extend its network coverage to Africa, other ports in the Middle East and Asia. – TradeArabia News Service

Source link

UAE Construction Equipment Market Report 2021-2027 with Volvo, Caterpillar, Doosan Infracore, Dynapac, Hitachi, JC Bamford, Kobelco, Komatsu, Tadano and Xuzhou Construction Machinery – Mon, 06 Dec 2021 15:17:00 +0000

DUBLIN – (COMMERCIAL THREAD)–The “United Arab Emirates Construction Equipment Market (2021-2027): Market Forecast by Types, Applications, Regions and Competitive Landscape” the report was added to offer.

The UAE Construction Equipment Market Size Is Expected To Grow At A CAGR Of 7.3% During The Period 2021-2027

The UAE construction equipment market has experienced substantial growth in recent years, mainly due to the growth of the construction industry, supported by the strengthening of the commercial, hotel and residential sectors, as well as the government initiatives in favor of development projects in the country.

However, the spread of the COVID-19 pandemic has resulted in a downturn in the global economy resulting in a temporary halt of many construction projects across the country, thus affecting the growth of the construction equipment market in the United Arab Emirates, which should gain momentum. in 2021.

The growing UAE focus on infrastructure and the development of automation in construction and manufacturing processes has had a major impact on the growth of the market. The demand for cost-effective machines with lower emissions dominates the construction equipment market, leading manufacturers to switch to electric and hydraulic machines.

In addition, increased private sector investment, especially in the process of renewable energy production in order to minimize the use of fossil fuels and reduce environmental degradation, associated with the modernization of the transport sector. Due to technical advancements, the demand for construction equipment is expected to increase and drive market growth in the foreseeable future.

Highlights of the report:

  • UAE Construction Equipment Market Overview

  • UAE Construction Equipment Market Outlook

  • UAE Construction Equipment Market Forecast

  • Historical data and forecast of revenue and volume of UAE construction equipment market for the period 2017-2027

  • Historical market data and revenue forecast, by types, for the period 2017-2027

  • Historical Market Data and Revenue Forecast, by Applications, for the Period 2017-2027F

  • Historical market data and revenue forecast, by regions, for the period 2017-2027F

  • Market drivers and constraints

  • UAE Construction Equipment Market Trends

  • Industry life cycle

  • Porter’s Five Forces Analysis

  • Market opportunity assessment

  • United Arab Emirates Construction Equipment Market Share, By Company

  • Competitive benchmarking

  • Company Profiles

  • Main strategic recommendations

Company Profiles

  • Volvo construction equipment

  • Caterpillar Inc.

  • Doosan Infracore Co., Ltd.

  • Dynapac MEA FZE

  • Hitachi Construction Machinery Middle East Corporation FZE

  • JC Bamford Excavator Limited

  • Kobelco Construction Machinery Co Ltd

  • Komatsu Middle East FZE

  • Tadano Ltd.

  • Xuzhou Construction Machinery Group Co. Ltd.

Market scope and segmentation

By types:

  • Mobile crane

  • Construction tractor and bulldozer

  • Earthmoving equipment

  • Charger

  • Wheel loader

  • Compact loader

  • Backhoe loader

  • Compact track loader

  • Shovel

  • Crawler excavator

  • Mini excavator

  • Wheel excavator

  • Grader

  • Dumper

  • Aerial work platform

  • Articulated boom lift

  • Telescopic boom lift

  • Scissor lift

  • Road construction equipment

  • Paving stone

  • Road compactor

  • Material handling equipment

  • Telescopic handler

  • Forklift

By applications:

  • Construction

  • Petroleum gas

  • Mining

  • Others (municipality, road construction)

By regions:

  • Abu Dhabi

  • Dubai

  • Other Emirates (Sharjah, Umm al-Qaiwain, Fujairah, Ajman and Ra’s al-khaimah)

For more information on this report, visit

Source link

]]> Al Qasimia University honors government and media institutions Sat, 04 Dec 2021 08:28:34 +0000
Sharjah 24: Al Qasimia University honored strategic partners from various government and media institutions who provided on-the-job training to communication students for an entire semester.
The honorary ceremony was organized by the Communication College of Al Qasimia University, in the presence of His Excellency Prof. Awad Hussain Al Khalaf, Acting Director of Al Qasimia University, Deans of Faculties, and a large number of heads, directors and representatives of organizations that provided on-the-job training to students.

His Excellency Professor Awad Hussain Al Khalaf praised the efforts which have contributed to the training of the students of the College of Communication, providing their professional expertise, which has helped to acquire students with basic practical skills to join the market of job. His Excellency Professor Awad Hussain Al Khalaf pointed out that His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, member of the Supreme Council and Sovereign of Sharjah, is keen to support and train university students to master their theoretical and practical specializations.

His Excellency Prof. Awad Hussain Al Khalaf praised the role of government and media institutions in welcoming and training students of the College of Communication, which has helped to strengthen the means of cooperation and strategic partnership between Al Qasimia University and various institutions .

Dr Hisham Abbas, Dean of the College of Communication, said the quality of the training programs reflects the excellence of the agencies that implemented the training and their focus on providing students with media skills, be it radio, television or digital media, advertising, public relations and government communications to qualify graduates with efficiency and excellence.

At the end of the ceremony, His Excellency Prof. Awad Hussain Al Khalaf, accompanied by Prof. Dr. Hisham Abbas, Dean of the College of Communication, honored organizations that have contributed to the training of students of the College of Communication, including the Supreme Council for Family Affairs, Sharjah Broadcasting Authority, Sharjah Police General Command, Sharjah Government Media Bureau and Sharjah Media City (Shams), Sharjah Institute for Heritage, Gulf Press House, Public Relations and Media Department, Dubai Police, Public Relations Department, Al Wusta Radio from Al Zaid, Al Bayan Newspaper and Ajman Municipality, in more to honor the services department of Al Qasimia University.

Source link

“Our ambition is to develop a business ecosystem that brings more value to our customers” Wed, 01 Dec 2021 20:00:30 +0000

Martin G. Pedersen, President of IFZA
Image Credit: Provided

How have UAE free zones become a catalyst for the business community and start-ups over the past 50 years?

The UAE’s experience with free zones began in 1985, and over the next 36 years our industry has contributed significantly to increasing foreign investment in the country by lowering barriers to trade. Entrance. Each free zone is governed by its own set of trade laws; therefore, we are able to create a strategic cluster and target specific industries and contribute to the diversification of the economy at large.

How does IFZA Dubai facilitate growth in the UAE entrepreneurial landscape?

IFZA is known for its unique business model focused on building a strong global presence through our international network of professional partners which allows clients to easily access our services even outside the country. Through the IFZA Academy, we ensure the competence of our partners, wherever they are in the world. Our organizational model is built around an agile, customer-centric community so that we can meet the needs of our customers as quickly and efficiently as possible.

HHow do you plan to attract more investment to the UAE in the future?

Capitalizing on our strategic location in Dubai, we are serious about our ambition to develop a business ecosystem that delivers greater value to our clients beyond the simple offer of a free zone.

How does IFZA plan to mark the 50th UAE National Day?

The UAE National Day is just the start of our month-long celebration. In addition to our special promotion for the season, we will also unveil new initiatives as part of our commitment to the community and the country.

Source link

Remembrance day: Mohammed bin Rashid and Mohamed bin Zayed pay rich tributes to the martyrs of the United Arab Emirates Tue, 30 Nov 2021 12:14:21 +0000

Screenshot of the video tweeted by His Highness Sheikh Mohammed bin Rashid Al Maktoum on the day of the commemoration
Image Credit: Twitter screenshot / video

Dubai: The United Arab Emirates will never forget the country’s martyrs who sacrificed their lives for the good of the nation, said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates on Tuesday and ruler of Dubai, as the United Arab Emirates marked Remembrance Day.

In a tweet on Remembrance Day, celebrated on November 30 each year, Sheikh Mohammed said: “We bear witness that our heroes sacrificed their lives for the sake of their homeland. The people of the Emirates testify that they are the champions of glory and honor. The history of the United Arab Emirates testifies that they risked their lives for the good of their homeland. May God have mercy on our martyrs. May God have mercy on our heroes. We will never forget them. Future generations will not forget them.

In a statement to ‘National Shield’, the magazine of the armed forces of the United Arab Emirates, Sheikh Mohammed said that the good deeds and sacrifices of the martyrs will remain as long as there is life and their blood will show. in our identity, strengthening our glory.

Inspire future generations

For his part, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces of the United Arab Emirates, said that the courage and sacrifice of the martyrs will inspire future generations.

“Today we honor the heroes who gave their lives serving and protecting our nation. Their courage and sacrifice will inspire future generations and their memory will forever be etched in the history of the United Arab Emirates. We greet their families and pray for them to rest in peace, ”Shaykh Mohamed bin Zayed tweeted.

“We respect”

Also on the day of the commemoration, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Vice President of Dubai, Deputy Prime Minister and Minister of Finance, paid tribute to the martyrs of the United Arab Emirates who sacrificed their lives for the sake of the nation.

Sheikh Maktoum tweeted: “On the day of the martyr, the nation pays homage to the sacrifices of the Emirati martyrs who sacrificed their lives for the security and stability of the nation. We respect the patience and love of the mothers and families of martyrs for their country. We pay tribute to the nation’s valiant soldiers and their heroism. The United Arab Emirates is our country and we will sacrifice our lives and everything we have for their good ”.

Call of Duty

On the day of the commemoration, the whole of the UAE expresses its gratitude and respect to the heroes who sacrificed their lives for the nation, confirming that responding to the call of duty is a requirement for every patriotic citizen of the country, for defend its achievements and achievements.

Community unit

The UAE has launched many national initiatives to honor their fallen heroes, deeply thank their sacrifices and give all the support and consolation to their families. Governmental and non-governmental organizations, UAE nationals as well as expatriates participate in different activities that take place during this special day to express their gratitude for the sacrifices of the martyrs and preserve their memory forever.

Special office

The Abu Dhabi Court of the Crown Prince’s Martyrs’ Family Affairs Office was established to oversee these initiatives, monitoring and reviewing the needs and demands of the families of martyrs, and drafting and implementing related programs and projects. Its mandate is to follow the requests of the families of the martyrs in coordination with the other authorities and to provide them with the necessary support and care.

Source link

United Arab Emirates: wealthy Gulf state looks beyond oil – business & finance Tue, 30 Nov 2021 07:35:03 +0000

ABU DHABI: The United Arab Emirates, which turns 50 on December 2, is a rich oil state and an economic center in the Gulf that has become one of the most influential countries in the region.

Majority of expatriates

The United Arab Emirates is a federal state made up of seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah Umm al-Qaiwain and Ras al-Khaimah.

Ninety percent of its 10 million inhabitants are foreigners.

The capital Abu Dhabi, and especially Dubai, are extremely well-served air hubs and are also home to the regional headquarters of thousands of companies.

In recent years, the UAE has relaxed its residence regulations to boost its economy and attract more foreign investment.

Economic power

With an economy just behind Saudi Arabia in the Gulf, the Emirates is one of the easiest countries in the world to do business, according to the World Bank.

One of OPEC’s major oil producers, the federation’s rapid growth since the 1970s has been driven by its oil and gas wealth.

But having diversified its economy over the decades, it depends less and less on oil, its income now representing only 30% of its GDP.

In August, the United Arab Emirates joined the nuclear club, with the commissioning of the Barakah nuclear power plant, the first in the Arab world.

It also has one of the most vaccinated populations in the world against Covid-19, according to official sources.


With little oil but the Gulf’s most diverse economy, Dubai has grown from a fishing village to a major financial, transport and media hub in the space of a few decades.

Known for its glitzy shopping malls and forest of skyscrapers, including the tallest in the world, the Burj Khalifa, it has become a major tourist destination.

Abu Dhabi is home to a branch of the Louvre, with its art collection housed in a spectacular museum designed by French architect Jean Nouvel.

Expo 2020 Dubai opened in October after being postponed due to the Covid pandemic.

The first time that one of the world fairs has taken place in the Arab world, it is expected to attract millions of visitors before it closes on March 31.

Regional force

The Emirates and Gulf ally Bahrain normalized relations with Israel last year amid mounting tensions with Iran, which they have accused in the past of fueling tensions in the region.

The United Arab Emirates and Tehran have been at daggers drawn since 1971 over three disputed Gulf islands that Iran occupied.

The Emirates also restored diplomatic ties with Tehran in 2016, as rivalry between neighboring Saudi Arabia and the Islamic Republic intensified.

Despite the tensions, the two states maintained commercial ties.

Earlier this month, the UAE drew criticism from its US allies when its chief diplomat Abdullah bin Zayed Al-Nahyan met with Syrian President Bashar al-Assad during the first official visit to Damascus since the start. of the civil war in Syria in 2011.

Hi everyone ‘MBZ’

UAE President Sheikh Khalifa bin Zayed Al-Nahyan, also a ruler of Abu Dhabi, has rarely appeared in public since suffering a stroke in 2014.

Her half-brother, Crown Prince Mohamed bin Zayed Al-Nahyan, or “MBZ”, is the de facto leader of the United Arab Emirates.

Space missions

The Emirates also aim to become a major player in science and technology, sending its first astronaut into space in 2019 for eight days aboard the International Space Station.

In February 2021, the United Arab Emirates sent a probe named “Amal” (Hope) into orbit around Mars, the first Arab country to achieve such a feat.

Source link

Ajman Sea Festival ends with large audience Mon, 29 Nov 2021 07:09:03 +0000

The Ajman Tourism Development Department concluded the Ajman Sea Festival 2021 at Ajman Corniche and Al Zorah – Marina 1, attended by a large audience of water sports enthusiasts.

The event was hosted by the Abu Dhabi International Marine Sports Club in association with the UAE Water Sports Federation on November 26-27.

This year’s Ajman Sea Festival competitions, considered the most dynamic challenge for jet ski racers as they require a high level of fitness and specialized equipment, attracted a large number of participants who competed. actively to be crowned victors.

The festival included the Emirates Jet Ski Marathon – Ajman Ride and the Emirates Moto Surf Championship – Ajman Ride.

The festival saw the coronation of Sheikh Abdulaziz bin Humaid Al Nuaimi as the winner of the “veterans category” of the Emirates Jet Ski Marathon – Ajman Ride, and Ahmed Rashid Dawaas in second place and Younes Al Awadi in third place .

As for the “Professional Category”, Rashid Al Swaidi came in first place, Abdulla Al Hwitat in second place and Salman Al Awadi in third place. The prizes for Emirates Moto Surf Championship – Ajman Ride have been split between three categories: Master, Challenger and Junior.

Total festival prizes reached 122,500 AED ($ 33,350). – TradeArabia News Service

Source link

SAY Studio announces complete renovation of public spaces at Fairmont SZR Sun, 28 Nov 2021 09:16:24 +0000

Located in the heart of Dubai’s bustling financial district, Fairmont Dubai is currently the subject of phase I of SAY Studio’s rollout plan aimed at renovating all of the hotel brand’s private spaces.

According to CBRE UAE Q3 2021 market review; As travel restrictions continue to be relaxed around the world, we are seeing a marked increase in the number of daily flights through or to Dubai. The average daily number of flights has reached highs close to 96,000 in the 30e September 2021. Although this figure is still 20.7% lower than the same period in 2019, as vaccination rates continue to rise and travel restrictions are made less onerous, we expect what the gap narrows.

STR’s hotel performance update in the Middle East in the third quarter of 2021; Interestingly, in September the hotel occupancy rate in the Middle East was 58.6%, which was the region’s highest level since February 2020 and 93.9% of comparable 2019 (62.4% %). These levels reflect a steady upward trend, with the region’s occupancy rate of 50.7% in July and 55.9% in August, representing 83.8% and 88.6% of the area, respectively. comparable value of 2019.

Phase I provides for the renovation of 275 rooms and suites, as part of an initiative to further improve the hotel guest experience. Spanning three categories, including Signature Rooms, Junior Suites, and One-Bedroom Suites designed for the modern business traveler, the rooms have been refurbished to add a modern touch while retaining the luxury and standard guests have come to expect. expect Fairmont hotels. around the world. In the bedrooms, SAY Studio used a soft palette and natural materials representative of those one might find in the surrounding landscape. The warm timbers, to represent the soft tones of the dunes, complemented by the deep ocean blues found in the carpet and furniture, are a subtle reference to the Persian Gulf views. The occasional use of satin bronze displayed in bespoke fixtures pays homage to the early decadence of the Fairmont in San Francisco. Finally, textured wall coverings add a sense of depth and luxury, making the environment warm and inviting.

Rasha Al-Tekreeti, Senior Interior Designer at SAY Studio, said: “When we started the project, we were inspired by two distinct points, Fairmont’s rich history and Dubai’s innate ambitions for greatness. It’s easy to see Dubai in the form it occupies today, a vibrant cosmopolitan city that pushes boundaries and sets global standards. But if you go back to a few decades ago, things were quite different. We felt a symbolic representation of the city’s diversity and development, and the inspiring ambition could be found in the vibrancy of its location. It perfectly balances the idea of ​​travel and destination. The ambition was to create an atmosphere that is both timeless and classic that respects both the history of Fairmont and Dubai.

Kosta Kourotsidis, General Manager of Fairmont Dubai added: “We are very pleased that Fairmont Dubai is undergoing such an important transformation. The renovation project has been the subject of careful planning and scrutiny and we are proud to announce that we have appointed the design firm Say Studio, to offer a design that exudes modernity, comfort and comfort. best-in-class taste while maintaining luxury and standard throughout the hotel. “I can assure you that a whole new Fairmont Dubai experience is coming, it will be worth the wait.

Phase II includes the redesign of all public spaces including; the main lobby, lobby extension and cafe as well as the valet parking entrance. Phase III will see the redesign of the Fairmont’s all-day dining room. In addition to the work for the Fairmont Dubai, SAY Studio was also appointed as a design agency to complete the refurbishment of the Fairmont Ajman and Fairmont Fujairah.

Matthew Sexton, Managing Director of SAY Studio, concluded: “We are delighted that our work on this project has extended well beyond the initial brief. We are discussing with several hotel brands simultaneously, all with similar instructions to modernize rooms and public spaces to attract the increasing number of visitors due to both the Expo and the peak tourist season.

Known for its unique exterior inspired by an Arabian Wind Tower, the 34-story property houses 394 rooms and suites, 12 dining and entertainment venues including The Theater, OPA and Bagatelle, Bistrot Novanta, a unique hotel spa spanning 40,000 square feet and two rooftop swimming pools.

Source link

UAE overtakes recovery in global travel market: CBRE Sun, 28 Nov 2021 08:34:40 +0000

The UAE has passed the timid recovery in the global travel market, leading commercial and investment real estate services company CBRE said in its latest UAE hospitality market review.

Globally, partly due to seasonality and more recently due to the reinstatement of lockdowns in recent weeks, there was a resumption of the pick-up in slow flight numbers in November 2021.

In October, the number of daily flights for the month reached an average of nearly 95,000, as of November 21, it has fallen to about 90,500. From the beginning of the year until November 21, for compared to the same period in 2019, the average number of daily flights is 28.8% lower. While this is a marked improvement from 2020, when the average number of daily flights was 42.2% lower than the 2019 comparative figure, it is clear that the global travel recovery still has some way to go. Browse.

In contrast, Dubai International Airport has experienced a sustained recovery in recent months. From the beginning of the month to November 21 compared to the same period a year earlier, the percentage increase in the average number of daily flights to Dubai is almost three times the increase of 33.7% seen in the world. While the total number of flights and passengers in Dubai is still at a level below pre-pandemic levels, Dubai International Airport is expected to return to full operational capacity in the coming weeks and return to levels of before the pandemic within a year.

In October 2021, with the start of EXPO 2020 and increasing levels of international visits, we saw a significant increase in KPIs in the UAE. The average occupancy rate in the UAE in October was 78.8%, the highest level recorded in October since October 2015. In October 2021, Dubai recorded the highest occupancy rate by 80.7%. From the start of the year until October 2021, Ajman recorded an occupancy rate of 77.9%, the highest of any emirates.

On a year-over-year basis through October 2021, Dubai, Fujairah and Ajman recorded ADR increases of 14.9%, 13.8% and 3.9% respectively, overall the United Arab Emirates saw their ADR increase by 13.6%. During this period, Abu Dhabi and Sharjah were the only markets to see ADRs drop, with rates falling 1.5% and 0.5% respectively.

RevPAR in the United Arab Emirates increased 44.9% year-on-year from the start of the year through October 2021. During this period Dubai, Ajman and Sharjah saw their respective RevPAR increases by 57.1 %, 51.0% and 37.3%. Abu Dhabi’s RevPAR rose 5.9% more moderately, which is not surprising given Abu Dhabi’s longer-lasting pandemic restrictions.

Taimur Khan, Head of Research – MENA at CBRE in Dubai, said: “With increasing international footfall, an increasing number of locations around the world going into lockdown and a number of events planned at EXPO 2020, we envision both international and domestic leisure tourism, combined with the return of business tourism, will continue to support strong levels of performance across the UAE. “- TradeArabia News Service

Source link

Dubai hotel occupancy rate reaches 80.7% thanks to high number of visitor arrivals during Expo Sun, 28 Nov 2021 08:00:02 +0000

The UAE hospitality sector hit new highs in October due to high visitor arrivals at Expo 2020 Dubai, with occupancy rates reaching 78.8%, the highest of the month since October 2015, real estate consultancy CBRE reported on Sunday.

In October 2021, hotels in Dubai recorded an occupancy rate of 80.7%, the highest in the country. Hotels in Dubai, Fujairah and Ajman also recorded average daily room rates (ADRs) showing double-digit year-over-year increases to 14.9%, 13.8% and 3.9% , respectively.

“With the start of Expo 2020 and the increase in the number of international visits, we have seen a significant increase in key performance indicators in the United Arab Emirates,” CBRE said in its report.

KPI for the UAE hospitality market,% change year-on-year

The trend is expected to continue in the United Arab Emirates, CBRE said, although it recognizes that the international travel market still has “some way to go” to recover from the impact of the coronavirus pandemic.

The UAE has seen an increase in visitor arrivals this year following the reopening of new borders and the easing of restrictions related to COVID-19.

The number of passengers passing through Dubai International Airport, the world’s busiest global aviation hub, reached 20.7 million in the first ten months of the year. By the end of 2021, the number of passengers is expected to reach 28.7 million.

“With increasing international footfall, an increasing number of venues around the world being blocked again and a number of events scheduled for Expo 2020, we expect international and domestic leisure tourism…, Head of Research to Middle East and North Africa (MENA) at CBRE in Dubai.

However, the discovery of a new variant of COVID-19 has raised concerns about the recovery of the travel and leisure markets.

Major travel destinations, including the United States, Canada, Australia, the United Arab Emirates and member countries of the European Union, on Friday decided to suspend flights from African countries after scientists detected a new variant containing a high number of mutations.

Stock markets fell on Friday after the variant was discovered, with airlines and other aviation market companies such as Boeing registering significant drops in their shares.

Global trend

Globally, CBRE noted that the recovery in the number of flights has already slowed this month, partly due to “seasonality” and more recently due to the resumption of lockdowns in recent weeks.

Last month, the number of daily flights reached an average of almost 95,000. In the first 21 days of November, the number fell to around 90,500.

From January to November 21, the number of daily flights is also 28.8% lower than the levels seen in 2019.

“Although this is a marked improvement from 2020, when the average number of daily flights was 42.2% lower than the 2019 comparative figure, it is clear that the global recovery in travel has still had some effect. way to go, ”CBRE said.

(Written by Cleofe Maceda; edited by Seban Scaria)

Disclaimer: This article is provided for informational purposes only. The Content does not provide any tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer here.

© ZAWYA 2021

Source link