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UAE closes 2021 with robust economic rebound
(MENAFN) The Emirate ended last year with a high economic rebound, with Expo 2020 Dubai as well as recovery of tourism enhancing local demand.
While the tourism industry is predicted to take some time to completely rebound from the coronavirus pandemic, the most recent data from the Department of Economics and Tourism demonstrates that global visitor numbers to Dubai two months ago recovered to nearly 76 per cent of 2019 levels and the data from last month is probable to demonstrate additional improvement.
Hotel occupancy as well as profit for one available room, a major performance gauge calculated by multiplying a hotel’s median daily room rate by its occupancy levels, have also enhanced a lot from 2020 in spite of the difficulties forced by new strains of Covid-19.
While the tourism industry is predicted to take some time to completely rebound from the coronavirus pandemic, the most recent data from the Department of Economics and Tourism demonstrates that global visitor numbers to Dubai two months ago recovered to nearly 76 per cent of 2019 levels and the data from last month is probable to demonstrate additional improvement.
Hotel occupancy as well as profit for one available room, a major performance gauge calculated by multiplying a hotel’s median daily room rate by its occupancy levels, have also enhanced a lot from 2020 in spite of the difficulties forced by new strains of Covid-19.
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