Emaar anticipates hotel occupancy to recover in Dubai
The article discusses Emaar Properties' expectations that their hotel occupancy rates in Dubai will recover to pre-war levels within the next 12 months. This comes after a decline from 83% before the outbreak of the war to around 20-25% at the peak, with current rates rising to approximately 60%. The company's founder explained that demand has begun gradually recovering thanks to an increase in international flights, despite the ongoing impact of the war's aftermath on travel and energy in the region. The company anticipates that the recovery will continue gradually, albeit with ongoing challenges, and that occupancy rates will reach 80% in the future.
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