KUWAIT'S HOTEL OCCUPANCY RATES ARE EXPECTED TO CLIMB BY 16% THIS YEAR

  • 18/02/2022

Kuwait City: According to a recent survey published by Colliers International, a business specialising in hotel research and occupancy rates, hotels in Kuwait City will see a 16 percent increase in occupancy rates this year, reaching 31%. According to the survey, Dubai will have the greatest occupancy rate in the Middle East and Gulf region, at 79 percent, followed by Doha at 74 percent, Muscat at 44 percent, Oman at 48 percent, and Beirut at 40 percent. In light of the COVID-19 issue, it ascribed the poor improvement in hotel occupancy rates in Kuwait to severe legislation and travel restrictions. 


In the United Arab Emirates, occupancy rates range from 61 percent to 79 percent, while in Saudi Arabia, occupancy rates range from 38 percent to 65 percent. Bahrain's expected proportion is 49 percent. The company noted in the research, which covers 24 cities and regional markets, that it has begun to see that many markets in the region are pinning their hopes on reaching the desired performance rebound. It will be used by government agencies and other interested parties to keep track of the COVID-19 pandemic's effects. 

The market's performance beyond the first quarter of 2022 is heavily influenced by relationships with other key stakeholders in the tourist and hospitality industry. Despite the recent relaxation of travel restrictions in major regions, consumer trust in hotel performance remains poor due to the appearance of a fresh wave of COVID-19 variations.

Related News