Hotels in the UAE recorded a 27 per cent annual jump in revenues to Dh32.2 billion ($8.7 billion) in the first nine months of 2023, reflecting a robust uplift in the country's tourism sector, according to the Minister of Economy.
The number of hotel guests in the Emirates reached 20.2 million during the January-September period, up 12 per cent from the same period in 2022, Abdulla bin Touq, Minister of Economy, said on Thursday.
The hotel occupancy rate hit 75 per cent during the period, recording a 6 per cent annual growth.
These indicators play a crucial role in achieving the national target set by the We The UAE 2031 vision to raise the sector’s contribution to the country’s economy to Dh450 billion by the next decade, said Mr bin Touq, who is also chairman of the UAE Tourism Council.
Tourism is considered one of the strategic pillars towards transitioning towards a new economic model.
Meanwhile, to boost the tourism industry in the Emirates, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Thursday launched the fourth season of the domestic tourism campaign, World’s Coolest Winter 2024, which runs until February 20.
The initiative, under the theme “unforgettable stories”, is aimed at showcasing the UAE's “unique tourism attractions and winter experiences, its rich cultural heritage, and enchanting natural landscapes”, said Mr bin Touq.
The campaign aligns with the goals of the National Tourism Strategy 2031, launched in November 2022, to attract 40 million hotel guests by 2031 and Dh100 billion in tourism investment to the UAE.
It has yielded substantial economic benefits for domestic tourism, with hotel revenues reaching Dh1.8 billion, up 20 per cent compared to the second edition of the campaign, which amounted to Dh1.5 billion, according to official data.
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Torque: 400Nm at 1,750-4,000rpm
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What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Killing of Qassem Suleimani
OPTA'S PREDICTED TABLE
1. Liverpool 101 points
2. Manchester City 80
3. Leicester 67
4. Chelsea 63
5. Manchester United 61
6. Tottenham 58
7. Wolves 56
8. Arsenal 56
9. Sheffield United 55
10. Everton 50
11. Burnley 49
12. Crystal Palace 49
13. Newcastle 46
14. Southampton 44
15. West Ham 39
16. Brighton 37
17. Watford 36
18. Bournemouth 36
19. Aston Villa 32
20. Norwich City 29
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World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final
The biog
Favourite films: Casablanca and Lawrence of Arabia
Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins
Favourite dish: Grilled fish
Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.
The Bio
Favourite holiday destination: Either Kazakhstan or Montenegro. I’ve been involved in events in both countries and they are just stunning.
Favourite book: I am a huge of Robin Cook’s medical thrillers, which I suppose is quite apt right now. My mother introduced me to them back home in New Zealand.
Favourite film or television programme: Forrest Gump is my favourite film, that’s never been up for debate. I love watching repeats of Mash as well.
Inspiration: My late father moulded me into the man I am today. I would also say disappointment and sadness are great motivators. There are times when events have brought me to my knees but it has also made me determined not to let them get the better of me.
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Name: Dr Hassan Mohsen Elhais
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Other ways to buy used products in the UAE
UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.
Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.
Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.
For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.
Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.
At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.
Killing of Qassem Suleimani
Killing of Qassem Suleimani
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
