The HMH Group at the moment manages 13 motels and resorts in and outdoors the UAE market with a complete stock of 2032 rooms. It’s increasing its portfolio by opening three new lodge services in Saudi Arabia in Q2 2023 and is at the moment within the means of negotiating and planning with potential homeowners in Egypt, Libya, Oman and in different main nations within the GCC, for additional lodge developments.
On the primary day of the exhibition, the Group will signal a administration settlement for 3 new motels. On Could 2, the Group will unveil particulars about its enlargement plans and growth technique for the close to future. It’s going to host delegations from the AGCC markets.
“The UAE enjoys a distinguished and robust place within the tourism sector that has proved its excessive resilience in the course of the pandemic and continues to have a protected and secure local weather,” stated Patrick Antaki, Chief Working Officer at HMH Group. “The tourism sector contributes almost 11 per cent of the UAE’s GDP yearly.”
“The tourism sector within the UAE has continued attaining file development ranges in 2022 and Q1 2023, most of which exceeded the degrees of 2019. By the top of 2022, lodge institutions within the nation acquired 25 million friends, who spent 91 million vacationer nights, with a development fee of 18 per cent from 2021 and 7 per cent from 2019.”
The occupancy fee throughout 2022 reached 71 per cent, which is among the many highest within the area and the world. Lodge revenues achieved a qualitative leap in the course of the yr 2022, as whole lodge revenues reached AED38 billion, with a development fee of 23 per cent over 2019. Dubai acquired 14.36 million worldwide guests from January to December 2022, a rise of 97 per cent in comparison with the identical interval in 2021, thus exceeding the restoration ranges globally and regionally. Throughout January and February of 2023, the variety of worldwide guests to town reached 3.10 million.