March 25, 2023

Dubai Week

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Despite the corona, tourism revenue was 28.5 billion dirhams

Despite the corona, tourism revenue was 28.5 billion dirhams

According to the Directorate of Financial Studies and Forecasting, tourism revenue fell 0.7 percent to 28.5 billion dirhams at the end of last October, down 6.1 percent from a month earlier.

In its scenario for December 2021, the Directorate points out that this revenue is 57.4 percent, or 38.5 billion dirhams, lower than before the crisis.

Following a significant increase of 201.7 in the third quarter of 2021, tourism revenues maintained their positive trend in October 2021, up 58.5 per cent after 65.2 years, in line with the reopening of national borders.

The directorate points out that tourism revenue increased to 21.1 billion dirhams between June and October 2021, from 8.9 billion dirhams and 38.5 billion dirhams in the same period of 2020 and 2019, respectively.

According to the same source, this improvement increased the number of tourist arrivals in the third quarter of 2021, from 716.9 per cent to nearly two million tourists, 30 per cent of them foreign tourists, followed by 242 thousand tourists. A year before that.

As for overnight stays, it was about four million, of which 30 percent were for residents, an increase of 183.9 percent after 1.4 million overnight stays were registered in the third quarter of 2020.

As a result, after the negative growth since the onset of the (Govt-19) epidemic, the number of tourist arrivals and overnight stays at the end of the first nine months of 2021 has returned to growth, recording an increase over the previous year. Annually, 27.1 percent reach 2.8 million and 12 percent 6.6 million.

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On the other hand, the Directorate says that this mechanism will be affected by the suspension of flights to and from Morocco, which came into effect on November 29 last year with the aim of protecting people from “Omigron”. (Govit-19) Widespread “mutation” of infection.