A total of 4.1 million visitors stayed in Abu Dhabi hotels last year, up 24 per cent from 2021, new figures have shown.
The Department of Culture and Tourism - Abu Dhabi, said hotel revenues for 2022 had climbed by 23 per cent from the previous year to AED 5.4 billion.
The average hotel stay was about 3 nights per guest, and the average revenue per available room was AED 263.
UAE nationals accounted for the largest share of the capital's hotel guests during the past year, with a share of 29 per cent, or the equivalent of 1.2 million guests.
Indian nationals led all other non-Emiratis with a share of 12 per cent, or the equivalent of 480,000 visitors, up 31 per cent from the same period in 2021.
The nationals of Britain, Egypt, the Philippines, and Saudi Arabia followed with a share of 4 per cent each.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the UAE, Saudi Arabia, and Qatar.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.