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.
The Dubai Gold and Commodities Exchange (DGCX) is set to launch a new same-day gold trading contract on Monday, June 22, in a move aimed at making physical gold transactions faster and more efficient.
AD Ports Group has launched integrated logistics services connecting Khalifa Port with Umm Qasr Port in Iraq, reinforcing commitment to enhancing regional connectivity and supporting existing trade corridors.
Kuwait Petroleum Corporation (KPC) has plans to raise the country's oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC's Deputy Chairman and CEO, Sheikh Nawaf Saud Al-Sabah.
In a first for the UAE, the Ministry of Finance has launched the Sovereign Retail T-Sukuk Programme, giving citizens and residents access to a government-backed, Shariah-compliant investment opportunity.
Emirates Airline has introduced the world's first conflict cover for travel that includes medical reimbursement of up to $25,000, hotel stays "during airport closures" and a free trip extension of up to 30 days, offering travellers "greater peace of mind".
Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.
Passionate about sport? Then this is where you belong. Tom Urquhart, Chris McHardy and Robbie Greenfield are joined by an elite team of guests each week to look at all the sporting highlights of the weekend.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?