Similarly, Dubai and the wider UAE’s hospitality sector is in dire need of a boost. Updated: November 28, 2013 04:00 AM. SHARE. This is expected to rise by 2.4 per cent per annum to 410,000 jobs which would be 5.9 per cent of total employment in 2027. The tourism and hospitality industry has established itself as a major employment sector in the United Arab Emirates. UAE Hospitality Sector Pivotal in Emiratisation With Booming Hotel Industry. Meet the winners of the UAE's $1 million FoodTech Challenge. The hospitality sector in the UAE is a significant contributor to the United Arab Emirate’s economy and a significant employer. Statistics from market research firm STR show that hotel occupancy rates in the UAE were recorded at 35.6 percent in May, a whopping 30.7 percent fall compared to the same period in 2019. The UAE’s hospitality sector has become a jewel in its crown and the growth from the early days has been impressive. Hotels are increasingly looking out … The UAE has reported another month of sustained recovery in its hospitality sector. According to the Knight Frank Report, the hospitality market in the UAE in 2018 is estimated to have contributed over Dh150 billion in UAE GDP and provides almost 570,000 jobs in 2017. Analytics firm STR unveiled the country’s hotel occupancy rates, ADR and RevPAR for October 2020, all of which showed promising results. Editor's Picks. Published November 6th, 2018 - 08:00 GMT. The travel and tourism sector directly supported 317,500 jobs in the UAE which is 5.4 per cent of total employment. Environment. Sheikh Mohamed bin Zayed meets Greek Prime Minister . Alameen Al Mawaly is one of the only 20 Emiratis among 580 employees at … For the UAE, occupancy was … Opinion Article 16 October 2017 The impact of the newly added VAT on the UAE hospitality sector By Mariano Faz, Head of TFG Asset Management SHARE. UAE hospitality sector is opening doors to Emiratisation Emiratis tend to be a minority in the private sector yet that trend has been showing signs of changing, particularly among hotel companies. Apart from the UAE and Saudi Arabia, which are the other GCC markets expected to witness a boom within their hospitality sector over the next 5-10 years?