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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in the United Arab Emirates

Mar 2020

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Luxury hotels benefit from new government initiatives

Tourism has always been part of Dubai’s diversification policy and the vibrancy of the industry is of utmost importance to the government of Dubai. The other six emirates also seek to keep the industry buoyant and reduce their dependence on oil.

Oversupply instigates price drops in all but the uber high-end hotels

Another day, another luxury hotel in Dubai. Nicknamed “the city of cranes”, any visitor to Dubai will see the numerous newly constructed hotels or in the process of being constructed.

Expo 2020 expected to be a boon

Despite the challenges, the UAE is set to remain a highly competitive destination over the forecast period. Given the huge influx of people for Expo 2020 it will be a good forecast period and return travellers may fuel future growth.

COMPETITIVE LANDSCAPE

“Affordable” hotels pose a threat

The UAE is synonymous with luxury. In fact, the country’s preeminent icon is the Burj Al Arab, one of the world’s most luxurious hotels.

Home sharing options pose threat to luxury hotels

Not long ago, Airbnb was legalised in the UAE and many uber luxury residences are available, serving as a threat to the luxury hotel industry as a greater number of consumers are drawn to localised experiences and cost savings that can be offered through short-term rentals. In order to court more luxury consumers, Airbnb launched Airbnb Luxe in June 2019, a new rental tier expanding Airbnb’s offerings of super expensive rentals.

Marriott strong with wide ranging stable of brands

Marriott International Inc and its stable of brands including The Ritz-Carlton, Autograph Collection, and JW Marriott lead the industry. In 2016 it purchased Starwood Hotels & Resorts Worldwide, owner of luxury hotel brands including St Regis, The Luxury Collection, and W.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

SAMPLES

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) industry in United Arab Emirates with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Hotels (5-star plus) industry in United Arab Emirates, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Hotels (5-star plus) in United Arab Emirates market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Hotels (5-star plus) in United Arab Emirates?
What are the major brands in United Arab Emirates?
What is the rate of development for chained hotels vs independent hotels?
How are luxury hotels performing compared to mid-priced and budget hotels?
Is there an increase in hostels and campsites?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Travel and Tourism market research database

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Luxury Hotels in the United Arab Emirates - Category analysis

HEADLINES

PROSPECTS

Luxury hotels benefit from new government initiatives

Oversupply instigates price drops in all but the uber high-end hotels

Expo 2020 expected to be a boon

COMPETITIVE LANDSCAPE

“Affordable” hotels pose a threat

Home sharing options pose threat to luxury hotels

Marriott strong with wide ranging stable of brands

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2014-2019
Table 2 Sales in Luxury Hotels: % Value Growth 2014-2019
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2014-2019
Table 4 NBO Company Shares in Luxury Hotels: % Value 2014-2018
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2015-2018
Table 6 Forecast Sales in Luxury Hotels: Value 2019-2024
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2019-2024

Luxury Goods in the United Arab Emirates - Industry Overview

EXECUTIVE SUMMARY

Tourists fuel the luxury industry in the UAE

Perceptions of luxury are changing

Consumers’ values increasingly shape brands’ actions

Digitalisation is new frontier of luxury

Subdued forecast due to maturing market, Expo is considered a boon

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2014-2019

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2014-2019
Table 10 Sales of Luxury Goods by Category: % Value Growth 2014-2019
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
Table 12 NBO Company Shares of Luxury Goods: % Value 2014-2018
Table 13 LBN Brand Shares of Luxury Goods: % Value 2015-2018
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2019
Table 15 Forecast Sales of Luxury Goods by Category: Value 2019-2024
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024

Megatrends

Country Report

Luxury Hotels in the United Arab Emirates

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Luxury hotels benefit from new government initiatives

Oversupply instigates price drops in all but the uber high-end hotels

Expo 2020 expected to be a boon

COMPETITIVE LANDSCAPE

“Affordable” hotels pose a threat

Home sharing options pose threat to luxury hotels

Marriott strong with wide ranging stable of brands

Overview

Why buy this report?

SAMPLES

Delivery

Overview

Want to find out more about this report?

Table of Contents

Luxury Hotels in the United Arab Emirates - Category analysis

HEADLINES

PROSPECTS

Luxury hotels benefit from new government initiatives

Oversupply instigates price drops in all but the uber high-end hotels

Expo 2020 expected to be a boon

COMPETITIVE LANDSCAPE

“Affordable” hotels pose a threat

Home sharing options pose threat to luxury hotels

Marriott strong with wide ranging stable of brands

CATEGORY DATA

Luxury Goods in the United Arab Emirates - Industry Overview

EXECUTIVE SUMMARY

Tourists fuel the luxury industry in the UAE

Perceptions of luxury are changing

Consumers’ values increasingly shape brands’ actions

Digitalisation is new frontier of luxury

Subdued forecast due to maturing market, Expo is considered a boon

MARKET INDICATORS

MARKET DATA

SOURCES

Why buy this report?

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