With the start of the year 2023, major economic sectors are experiencing outstanding momentum and activity, particularly the tourist, hotel, travel, aviation, and retail sectors, which are among the key industries fostering the expansion of the country’s economy.
According to the most recent report from the UAE Central Bank, the strong performance of some non-oil sectors, including tourism, hospitality, and real estate, has increased the contribution that these important sectors make to the growth of the country’s economy, which is predicted to reach 7.6% in 2022.
Tourism
With the beginning of the new year, the tourism industry in the nation continued its routine operations due to the availability of numerous tourist attractions and attractions that the UAE possesses, in addition to the advanced infrastructure, and the efforts made to provide a healthy and safe environment while using the best precautions and measures to preserve the health and safety of visitors.
In addition to the inspiring entertainment and cultural experiences that brought families and friends together, the country witnessed a massive program of various exceptional events, light and laser shows, and amazing fireworks during the New Year celebrations, making it one of the most watched New Year’s Eve celebrations in the world. This boosts the activity of the tourism sector and propels it towards greater heights.
Hotels
For its part, the nation’s hotel industry welcomed the new year with a selection of alluring deals and exceptional services geared at luring families and families. As a result, occupancy rates increased to record highs above 95%, especially in locations adjacent to the hubs of New Year celebrations.
The hotels in the nation have put together packages of deals and offer that include savings on hotel stays and dining out, as well as value-added deals and the planning of numerous entertainment events that offer a distinctive travel experience for the entire family, especially given how much the variety of choices contributes to rising activity and momentum.
Retail sector
The retail industry is undergoing significant change as a result of the rapid recovery of the national economy from the effects of the pandemic, as well as the strong growth in sales rates and visitor numbers that are occurring concurrently with the process of recovery and recovery that the industry is constantly achieving.
The shopping environment in the UAE serves as an important draw for tourists and shoppers during Eid Al-Adha, with shopping malls in all of the country’s emirates ramping up their preparations to welcome customers and filling to capacity during the holiday to take advantage of sales, entertainment, and Eid celebration manifestations, with a focus on the need to adhere to the application of preventive measures.
The six national carriers stepped up their preparations to raise fares during the New Year’s holiday period at a time when the daily average passenger volume is tangibly recovering, moving closer to pre-pandemic levels, against the backdrop of the robust recovery that the travel industry experienced during 2022, which will be this year’s final travel season. Since 2019, one of the busiest seasons.
Starting on December 27, 2022, for a period of eight days, Dubai International Airport anticipated traffic to reach about two million passengers, bringing the average daily number of passengers to and from Dubai to 245 thousand, indicating that tomorrow, January 2, is expected to be the busiest day and that the number of passengers exceeds 257 thousand.
The seasonal increase in tourists, the recently finished FIFA World Cup in Doha, and the UAE’s popularity as a travel destination for people from around the world are all contributing factors to the increase in passenger traffic between last December and January in the UAE.