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.
French luxury group LVMH has agreed to sell fashion brand Marc Jacobs to a joint venture between brand manager WHP Global and apparel company G-III Apparel Group, which are raising up to $850 million to fund the deal, the companies said on Thursday.
India on Thursday tightened rules for duty-free gold imports for jewellery exports by capping imports at 100 kg per licence, the government said in an order.
The US Senate on Wednesday voted to confirm Kevin Warsh as the chair of the Federal Reserve, paving the way for the lawyer, financier and former central-bank governor to take the reins of the Fed.
Dubai Taxi Company (DTC) has announced a major expansion deal, signing an agreement to acquire National Taxi, one of the UAE’s established taxi operators, in a transaction valued at AED 1.45 billion.
Dubai Holding has acquired a 22.27 per cent equity stake in Emaar Properties from the Investment Corporation of Dubai (ICD), becoming the company's largest shareholder with a total 29.73 per cent stake.
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