Recent data from the Statistics Centre Abu Dhabi shows that during the first five months of this year, more than 2 million people visited hotels in Abu Dhabi.
The Department of Culture and Tourism—Abu Dhabi provided the statistics used in the data, which indicated that hotel revenues increased to Dh3.18 billion between January and May 2024.
January’s revenue was Dh629.7 million, February’s was Dh717.1 million, March’s was Dh608 million, April’s was Dh660.3 million, and May’s was Dh566.5 million. In January, February, March, April, and May, there were 498.7k, 507.4k, 433.7k, 500.08k, and 471.8k visitors.
The majority of these tourists—2.179 million—came to Abu Dhabi City, followed by Al Ain (169,000) and the Al Dhafra region (64,000).
As of May, Abu Dhabi boasted 169 hotel establishments with 34,079 rooms, including 126 hotels with 28,600 rooms and 43 hotel apartments with 5,476 rooms, according to state news agency WAM.
The first half of 2024 saw a significant increase in net profits to Dh1.15 billion from Dh239.36 million in the same period of 2023 for Abu Dhabi National Hotels, the owner of well-known brands like the Ritz Carlton Abu Dhabi, Grand Canal; Park Hyatt Abu Dhabi Hotel and Villas; Sheraton Abu Dhabi Hotel & Resort; and Le Meridien Abu Dhabi.
Their financial results show that, as of June 30, 2023, revenue from customer contracts had increased to Dh1.22 billion, up from Dh809.31 million.
Basic and diluted earnings per share (EPS) attributable to equity holders increased to Dh0.09 during the six months ending June 30, up from Dh0.01 in the same period last year.
