The tourism sector in the UAE has continued its steady growth, with hotels generating AED33.5 billion in revenue during the first nine months of 2024, a four per cent increase compared to the same period in 2023.
The average hotel occupancy rate across the seven emirates rose to 77.8 per cent, one of the highest globally. Hotel nights reached approximately 75.5 million from January to September 2024, marking an eight percent increase year-on-year.
The figures were announced during the UAE's participation in the 27th session of the Arab Ministerial Council for Tourism, held at the headquarters of the League of Arab States General Secretariat in Cairo.
The UAE delegation reaffirmed the country's commitment to advancing joint Arab action in the tourism sector, emphasising its role as a vital economic driver and a key contributor to sustainable development in the Arab region.
The delegation also highlighted that joint Arab tourism efforts extend beyond economic benefits, serving as a platform to foster cultural relations and preserve Arab heritage.
The UAE's Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), on Monday emphasised the aviation sector's critical role in the global economy, noting that it accounts for 12 to 13 per cent of GDP in some countries and supports millions of jobs worldwide.
World leaders and technology executives are convening in Paris on Monday to discuss how to safely embrace artificial intelligence at a time of mounting resistance to red tape that businesses say stifles innovation.
The Abu Dhabi Registration and Licensing Authority (ADRA), which develops and regulates the business sector, on Monday revealed significant growth in business licences and compliance indicators in the Emirate's mainland and non-financial economic free zones during 2024.
Dubai Electricity and Water Authority (DEWA) has announced that it will adopt the cubic metre as the standard unit for measuring water consumption starting from the March 2025 billing cycle.
The UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has said negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan will be completed before the end of 2025.