Colliers, a company specialized in hotel research and occupancy rates, feels hotels in Kuwait City would record an increase in occupancy rates by 16% to reach 31% during 2022.
Al-Anba quoting a report issued by the company yesterday said, according to, that occupancy rates in Dubai will record the highest rate in the Middle East and the Gulf region at 79%, compared to 74% in Doha and 44% in Muscat, and 48% and 40% in Oman and Beirut, respectively.
The company attributed the slow recovery in hotel occupancy rates in Kuwait to strict laws and travel restrictions in the face of the Coronavirus, while occupancy rates in the cities of the UAE range between 79% and 61% and Saudi Arabia between 65% and 38%, while the estimated percentage for Bahrain reached 49%.
In the report, which covers 24 cities and regional markets, the company stated that as the world entered 2022, we began to notice that many markets in the region are pinning hopes on achieving the desired recovery in their performance, and said that it will be for continuous monitoring of the repercussions of the Corona epidemic by government agencies and relevant parties. The relationship and other key stakeholders in the tourism and hospitality sector have a major impact on how the markets perform with the first quarter of 2022.
Although travel restrictions in key markets have recently been relaxed, consumer confidence in hotel performance is still under pressure due to the outbreak of the new wave of Corona mutations. A systematic and consistent approach to recovery and growth is a major improvement in the performance of the hospitality sector in the short and medium-term.
The report pointed out that the methodology of expectations and estimates related to any future activity must be subject to a degree of uncertainty, especially since the Corona epidemic has cast a dark shadow of uncertainty on the hospitality and hotel industry.
Colliers’ monthly report said that its forecasts for 2022 include at least 5 years of seasonality and market trends for each city or country and that it applies a special model to determine potential trends for the coming year, and then this is balanced against major anticipated developments or events, as well as intervention.
Given the potential impact of the Corona pandemic on hotel performance, this publication was prepared by Colliers, including its forecasts in 2022 for hotel occupancy in 24 sub-markets in the main hospitality markets in the Middle East and North Africa, as the major cities in these markets suffered from continued travel restrictions.
