Tag Archives: Colliers International

Recent hospitality industry reports and analysis published by STR and Colliers International, have revealed that hotels in the UAE have put up a sterling performance, given the challenges of operating during the pandemic last year. To support the hotel industry still further during the vaccine rollout, Arabian Travel Market (ATM), which will take place in-person at the Dubai World Trade Centre (DWTC) 16-19 May 2021, is organising a Hotel Summit on Tuesday 18th May. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said, “According to STR data, the Middle East region was a top performer globally during 2020, with an average occupancy of 45.9%. One of the best-performing countries was the UAE with an average occupancy of 51.7% and an average daily rate (ADR) of $114. Although these figures were 29.3% & 16.5% down Y-on-Y, given the challenges presented by the pandemic, it is a remarkable achievement and proves just how resilient the hotel sector is in the UAE and wider Middle East. “Furthermore, if we drill down on these figures, ADR in Fujairah and RAK actually rose last year by 7% and 1% respectively, compared with 2019 and over the New Year’s celebrations hotels in Dubai were running average occupancies of 76% with an ADR of $300. I am certain that many hoteliers in the Middle East are now preparing for a V-shaped recovery, especially with the successful rollout of the vaccine and the ensuing herd immunity,” added Curtis. “Moreover, UK Prime Minister Boris Johnson has also indicated that British nationals may be allowed to travel without any restrictions as soon as June 21st, which, given their close ties, would be a major boost for business and leisure travel …

Local tourism and domestic travel are expected to lead the UAE and wider GCC’s recovery from COVID-19 as the lockdown restrictions eases, according to the latest research released ahead of Arabian Travel Market (ATM) Virtual that will take place from 1-3 June 2020. The research from Colliers International, in partnership with ATM, revealed the percentage of bookings to Abu Dhabi within a 48km radius increased from just 20 per cent in January 2020 to 43 per cent in March. While, in Dubai, the percentage rose from 19 per cent to 36 per cent. Adding to this, research by Sojern, suggests staycations are expected to become the most popular choice of travel in the short to medium-term, with data revealing hotel bookings to Abu Dhabi within a 48km radius accounted for 77 per cent of all bookings in April and domestic travel from Dubai accounting for 91 per cent of searches and bookings within the same radius. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said, “We are now beginning to see a sense of pent up demand due to an eagerness among the larger populace to make up for lost time and cancelled plans. Travellers still want to go on holiday, but safety has become a top priority. As a result, the staycation trend is expected to grow in the coming months, with residents keen to take a break away from their home for a few days in a location that is familiar to them, whilst flights are grounded, and international travel restrictions still in place.” “As travel and tourism begins to return, it is crucial that hotels add value to their existing offerings with incentives such as F&B discounts …

Set to be held from April 30 to May 1, CONNECT Middle East, India & Africa 2019 is expected to bring together airline specialists, aviation authorities, tourism boards, airports and tour operators, as well as other travel-related industry professionals. Fourteen airlines have already confirmed their participation at CONNECT Middle East, India & Africa – co-located with Arabian Travel Market 2019 and taking place at Dubai World Trade Centre. Senior network planning teams from Emirates, Etihad, flydubai, Air Arabia, Air Asia, EgyptAir, flyadeal, Ethiopian Airlines, Global Airways, Atlas Global, Germania, Mahan Air, Royal Air Maroc and Titan Airways will attend the inaugural route development forum. Throughout 2018, GCC airlines have added 58 new flight routes – focusing on areas of consistent and substantial growth – according to research from Colliers International – based on a sample of 10 airlines including Emirates, Etihad, flydubai, Salaam Air, Oman Air, Gulf Air, Saudia, flyadeal, Air Arabia and IndiGo airlines. Karin Butot, CEO, The Airport Agency, said, “2018 has been an exciting year for new flight routes both to and from the GCC, underscoring Dubai as the ideal location to bring together professionals from the aviation and tourism industry for the inaugural CONNECT Middle East, India and Africa forum. With up to 400 delegates, CONNECT Middle East, India & Africa 2019 will include unlimited one-to-one pre-scheduled appointments, a conference programme, panel discussions and airline and  industry briefings as well as an exhibition area dedicated to airports and suppliers.” Nick Pilbeam, Divisional Director, Reed Travel Exhibitions, said, “It is an ideal base for exploring some of the world’s most interesting and previously inaccessible corners of the world. And the GCC’s airlines are making it even easier with the …

The number of Indian visitors travelling to the GCC over the coming five years will create an extra 10.8 million room nights, according to data published ahead of Arabian Travel Market 2019 (ATM), which takes place at Dubai World Trade Centre from April 28, 2019 to May 1, 2019. The latest research published by Colliers International predicts around nine million Indians will travel to the GCC by 2022 – 37 per cent of India’s total outbound market – with business, place of work and leisure underpinning this demand. Indian outbound will account for 22.5 million worldwide tourists in 2018, with reports from UNWTO estimating this figure will increase by 122 per cent to reach over 50 million by 2022. Adding to this, Indian tourists are among the world’s highest spenders per visit made abroad, with visitor spend expected to increase from US$23 billion in 2018 to US$45 billion by 2022. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said, “Despite recent weak rupee exchange rates, which have seen the rupee lose around 14 per cent of its value against the US dollar over the last 12 months, the Indian outbound market has continued to grow at an average annual growth rate of 10-12 per cent over the last seven years. The GCC has benefited from this trend with Indian travellers’ willingness and ability to spend on outbound travel supported by the country’s pace-setting 7 per cent GDP growth and a new generation of leisure attractions in the GCC as well as increased business opportunities and relaxed visa regulations for Indian nationals. We are witnessing this growth first hand with Indian visitors to ATM increasing 27 per cent YoY between 2017 and …