Abu Dhabi hotel revenues rise to AED 1.84 billion

Friday, 31 January 2020 14:33

Abu Dhabi has registered a 3.5 per cent growth in hotel revenues in Q4 2019 (AED 1.84 billion) compared to the same period in 2018 (AED 1.77 billion).

According to data released by the Statistics Centre - Abu Dhabi, the total number of guests rose to 1.33 million during the last three months of 2019, with occupancy rates reaching 79.6 per cent.

The bulk of the customers were non- Arabs carrying Asian passports (363,679), followed by Emiratis (360,007) and Europeans (284,379).

Guests from Arab countries (143,889), GCC states (143,889), North & South Americas, Africa and Australia accounted for the rest.

Officials have attributed the growth to the robust tourism infrastructure in Abu Dhabi and its multi-faceted sightseeing attractions.

More from Business

IMF approves $8.1 billion loan for Ukraine

The International Monetary Fund's executive board has approved an $8.1 billion, four-year loan for Ukraine on Thursday, with $1.5 billion to be disbursed immediately to help keep the government running as its war against Russia's invasion drags into a fifth year.
Paramount Skydance wins Warner Bros, Netflix walks away

Paramount Skydance has emerged as the winner in a months-long battle to acquire Warner Bros Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.
Dubai's flydubai reports record AED2.2 billion pre-tax profit in 2025

Dubai carrier flydubai has posted a strong 2025 performance driven by record revenue, passenger growth and strategic network expansion, with profit before tax reported at AED2.2 billion ($591 million).
Warner Bros reopens door to Paramount, putting Netflix deal in doubt

Warner Bros Discovery has opened the door on Tuesday to Paramount Skydance after the rival bidder raised its offer to $31 per share.