February 2021 614 UAE hotels braved a tough year in 2020 and are looking to 2021 with hope following the vaccine rollout. However, increased upcoming supply amid a slow revival in demand will see revenue and occupancy levels likely move lower in 2021, according to Cavendish Maxwell, a leading property consultancy and chartered surveying firm providing services in the Middle East and Africa. As expected, 2020 was a tough year for the hospitality industry in the UAE, with several hotels in shuttering on a temporary or permanent basis. However, some others have used the pandemic as an opportunity to revisit and cut operating costs thereby improving margins not only for 2020 but beyond. As a result, they have successfully brought down the occupancy rate required to break-even, which is lower than the typical 40 per cent, said the expert in its Q4 2020 UAE Property Market Report, containing key data and trends for Dubai, Abu Dhabi and the northern emirates.
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(12 January 2021)
After months of navigating and adjusting to a challenging time for tourism, Ras Al Khaimah Tourism development Authority (RAKTDA), has taken steps to reignite visits to the Emirate as travel corridors begin to reopen.
This year, RAKTDA was recognized for its swift response to support operators and partners during the pandemic, earning the Authority double accolades as Gulf Tourism Capital winner and Tourism & Hospitality Company of the year from Gulf Business Magazine. While staycation concepts and cultivating the domestic market has fared well for the destination, the authority is ready to welcome visitors from neighbouring countries, and in particular travellers from the GCC.
Spread across 2.4km, the waterfront destination is expected to open this year
January 11, 2021
The massive Al Qana waterfront development coming up in Abu Dhabi, which will feature the largest aquarium in the Middle East, is now 90 per cent complete.
The project was originally slated to open in late 2020.
“Despite the challenges, the construction of the project in on schedule,” developer Al Barakah International Investment said in a statement.
Spread across 2.4km, the waterfront destination will feature seven anchor destinations including The National Aquarium, The Bridge Wellness and Lifestyle Hub, Cinemacity Al Qana – the largest standalone cinema in Abu Dhabi, e-sports and gaming hub Pixel as well as dining and entertainment activities.