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Deepthi Nair

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UAE Hotel Operators Focus on Short-Haul Markets Like India, China, and Russia Amid High Airfares and U.S.-Iran Tensions

🗺 Hotel operators in the UAE, including IHCL, are focusing on short-haul markets like India, China, and Russia to recover from the U.S.-Iran war impacts. Saurabh Tiwari from IHCL notes that higher jet fuel prices hinder long-haul travel from regions like the Americas and Australia. India remains a key market due to accessibility and lower flight costs. Cheaper hotel rooms are also making Dubai more appealing to travelers.
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Riyadh Airport Reopens Amid 66% Cancellations; Regional Airlines Extend Suspensions Through October 24 Due to Attacks

📋 Cirium data shows 322 of 941 Saudi flights (34%) were canceled or did not fly on Monday, down from over 50% on Sunday. Riyadh led with 66% cancellations. Saudi airlines resumed at King Khalid International, while others extended suspensions through October 24. The U.S. Embassy issued an alert due to ongoing Houthi attacks. The Future Investment Initiative and EU-GCC summit are postponed; the Six Kings Slam tennis event moved to December.
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Gulf War Drives 15%-20% Rate Cuts in UAE City Hotels, While Resorts See Stronger Rates

🏨 The U.S.-Iran war impacts the Gulf hotel market, dividing it into two segments. In August and September, UAE city hotels cut room rates by 15%-20% to maintain occupancy within 5% of targets, while Gulf resorts benefit from a surge in leisure travelers. Accor CEO Duncan O’Rourke notes city hotels in the UAE struggle, echoing a similar trend in Saudi Arabia, with Jeddah and Riyadh hotels slightly trailing last year's performance due to weakened corporate travel.
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Atlantis Dubai Maintains Room Rates Amid Weak Demand by Offering Perks and Deals to UAE Residents

🌍 Dubai's luxury hotels, including Atlantis Dubai, are trying to maintain room rates despite weak international demand following the U.S.-Iran war. To achieve this, Atlantis offers UAE residents perks like resort credits, complimentary upgrades, dining credits, and free Aquaventure World tickets. Kyp Charalambous, Atlantis Dubai's VP of Sales, emphasizes these incentives aim to protect rate integrity while filling rooms. Resident-only deals help maintain published rates amidst global challenges.
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U.S.-Iran Conflict Stalls Gulf Hotel Deals as Buyers, Sellers Clash Over Pre-War Valuations and Pricing Adjustments

💰 U.S.-Iran conflict affects Gulf hotel deals as buyers and sellers struggle over valuations. Pre-war pricing no longer applies, says James Wrenn of Knight Frank, and hotel owners aren't pressured to sell. Investors reassess demand and occupancy forecasts, with Ali Siddiqui from Cavendish Maxwell noting a "wait-and-see" approach. Only five deals disclosed, highlighting market uncertainty.
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Ras Al Khaimah Hotels Renovate, Reduce All-Inclusive Packages Ahead of Wynn Al Marjan Island Casino Opening 2027

🏨 Hotels around Wynn Al Marjan Island are updating their offerings ahead of the casino resort's launch in September 2027. Rixos Al Mairid Ras Al Khaimah is upgrading 323 rooms by December, while Pullman Resort Al Marjan Island will reopen as an adults-only property in Q2 2027 after refurbishing 300 rooms. Some hotels in Ras Al Khaimah are reaching a 10-year lifecycle and are undergoing renovations to stay competitive.
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