"United Arab Emirates Tourism Report Q2 2011" now available at Fast Market Research

Recently published research from Business Monitor International, "United Arab Emirates Tourism Report Q2 2011", is now available at Fast Market Research
 
May 8, 2011 - PRLog -- Tourism Overview

As expected, recent data show that there was a recovery in foreign visitor arrivals to the UAE in 2010. In Dubai, figures record a favourable rebound from the previous year's downturn, with the total number of hotel and hotel apartment guests (including UAE nationals) up more than 10% year-on-year (y-o-y), to nearly 8.7mn. This includes 390,255 cruise tourists, rising almost 50% y-o-y. Data for Abu Dhabi show solid annual growth in tourist numbers of 18%, to 1.81mn visitors, which was well above the official target. In Sharjah, meanwhile, there was a relatively strong rebound in tourists staying in the emirate's hotels and apartments in 2010, with annual growth at 7.5%, to about 1.56mn arrivals.

Hospitality

There was an improved performance in Dubai in 2010, with guest nights across all types of properties up a strong 16.5% y-o-y to nearly 26.6mn nights (this represents an average three night stay per guest). Hotel occupancy rates though remained unchanged compared with 2009, at 70% (partly due to an increase in the number of hotel rooms). Hotel revenues registered 6% annual growth to some AED13.3bn (with hotel rates coming under pressure). After a favourable performance in Abu Dhabi's hospitality sector in 2010 (although data are incomplete), latest figures for January 2011 show guest nights increased a robust 22%, compared with the same month a year earlier (guest numbers rose 5% y-o-y), with occupancy levels up nine percentage points to 66%. Strong growth was recorded in arrivals from Germany, the UK, Italy and Saudi Arabia. The total number of occupied room nights in Sharjah's hotels and hotel apartments increased to 1,537,765 in 2010. This represented an annual increase of 5.2%, which was a reasonable recovery from negative growth in 2009. The overall occupancy rate also picked up to 73%, compared with 69% in the year before.

Forecast Scenario

In line with relatively strong new data, BMI retains its annual growth estimate for foreign arrivals to the UAE in 2010 at about 7%. Growth in arrivals is forecast to remain favourable in both 2011 and 2012. The outlook is based on stable economic growth in the two major source regions, the eurozone and the Middle East. For the eurozone, our revised growth predictions stand at 1.8% in both 2011 and 2012. Concerning the UK, the key source market for inbound tourists to Dubai in 2009 and 2010, we forecast economic growth of 2.0% and 2.6% in 2011 and 2012 respectively. A concern for the tourism sector is that while the UAE is one of the few states that may avoid large-scale demonstrations similar to those seen elsewhere in the region, we stress that our outlook on the northern emirates is slightly less sanguine. Furthermore, broader regional political unrest may also deter foreign tourism.

Airlines

From August, the flag carrier of Abu Dhabi, Etihad Airways, will double its flight frequency between Abu Dhabi and Manchester, from seven to 14 flights each week. In November 2011, the carrier will also commence operations to Male, the capital of the Republic of Maldives, subject to government approval. In the financial year ending December 2010, Sharjah-based Air Arabia recorded net profit of some AED309.6mn (US$84.4mn), a sharp annual decline of about 32%. Total turnover was AED2.08bn (US$567mn), an increase of 5.5% on 2009. The airline served 4.45mn passengers, compared with 4.06mn in 2009, which is an increase of nearly 10% y-o-y.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/152644_united_arab_emirates_to...


Partial Table of Contents:

SWOT Analysis
- UAE Tourism SWOT
- UAE Political SWOT
- UAE Economic SWOT
- UAE Business Environment SWOT
Industry Forecast Scenario
- Arrivals
- Table: Arrivals Data, 2007-2015
- Accommodation
- Table: Accommodation Data, 2007-2015
- Expenditure
- Table: Tourism Expenditure And Economic Impact, 2007-2015
- Inbound Tourism
- Table: Tourist Arrivals By Region, 2007-2015
- Outbound Tourism
- Table: Outbound Tourism Data, 2007-2015
Market Overview - Travel
- Airports
- Commercial Airlines
- Table: Key Players - UAE Commercial Airlines, 2009 (unless stated)
Global Oil Products Price Outlook
- Table: Oil Product Price Assumptions, Q410-Q411 (US$/bbl)
- Table: Oil Product Price Data And Forecasts, 2008-2015 (US$/bbl)
Market Overview - Hospitality
- Accommodation Developments
- Table: Selected Accommodation Projects In The UAE
- Regional Case Study: Accor
- Table: Accor Hotel Business In Selected Middle East And Africa Countries, December 2010
- Tourism Infrastructure
Business Environment Outlook
- Table: Middle East And Africa Travel And Tourism Business Environment Ratings
- BMI's Security Ratings
- Table: Middle East And Africa Defence And Security Ratings
- Table: Middle East And North Africa State Vulnerability To Terrorism Index
- The UAE's Security Risks
- City Terrorism Ratings
- Table: BMI's Middle East And North Africa City Terrorism Index
- Middle East And Africa Security Overview
Global Assumptions, Q211
- Table: Global Assumptions, 2009-2015
- Table: Regional Real GDP Growth, 2010-2013 (% change y-o-y)
- Table: Selected Exchange Rates, 2010-2013 (average)
- Developed States
- Table: Developed States' GDP Growth, 2010-2013 (% change y-o-y)
- Emerging Markets
- Table: Emerging Markets' GDP Growth, 2010-2013 (% change y-o-y)
- Consensus Forecasts
- Table: Consensus Forecasts, 2011 And 2012
Company Profiles
- Emirates
- Etihad Airways
BMI Methodology
- How We Generate Our Industry Forecasts
- Tourism Industry
- Tourism Ratings - Methodology
- Table: Tourism Business Environment Indicators
- Table: Weighting of Components
- City Terrorism Ratings
-

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=1526...

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
End
Source: » Follow
Email:***@fastmr.com Email Verified
Zip:01267
Tags:Arrivals, Tourism, Guest, Tourist, Dhabi, Abu, Sharjah, Passenger, Nights, yo
Industry:Consumer, Services, Entertainment
Location:Massachusetts - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Fast Market Research News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share