Abu Dhabi’s hotel establishments yield AED 3.2bn revenue in 2019

by STYZ
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UAE – Mubasher: Revenues of hotel establishments in Abu Dhabi grew by 6.8% year-on-year to AED 5.46 billion in 2019, according to the Emirates News Agency (WAM).

Room revenues rose by 11.1% to AED 3.2 billion last year, compared to AED 2.88 billion in 2018.

“The significant growth is driven by a considerable increase in tourist and guest arrivals on the back of multifaceted international business events and edutainment activities organised in the UAE capital in 2019,” WAM noted.

It is noteworthy that revenues of hotel establishments operating in Abu Dhabi increased to AED 1.84 billion in the fourth quarter of 2019, from AED 1.774 billion in the year-ago period.

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