Travel, Tourism & Hospitality UAE hotels' revenues, occupancy 'likely to move lower this year'
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...
Source: ttnworldwide.com