Dubai has reported an increase in occupancy figures for the month of February, up almost 16% year on year to more than 86%, demonstrating an upsurge in tourism to the emirate as it starts to emerge from the international economic downturn. The news comes as Dubai International Airport also records a 22.6% increase in passenger traffic for the month of February compared to the same month last year.
According to international benchmarking organisation STR Global, Dubai is leading the way as the best performer in the Middle East and Africa region and indeed internationally. Meanwhile the figures show an increase of 4.5% for Europe, and a 0.8% increase for the Americas.
The Government of Dubai has also confirmed that it will be supporting Dubai World’s debt restructuring by investing up to US$9.5 billion (approx.