With residential rental rates in the city surging, hotel apartments have emerged as an increasingly popular option for business visitors seeking short-term accommodation.
Thomas Kurian, an expert in the hospitality industry, said, “Dubai’s surging residential rents of up to 27.7% have made hotel apartments an increasingly attractive option for business visitors looking for short-term accommodation solutions. These hotel apartments offer all the conveniences of a traditional apartment rental, including additional amenities but with more flexible monthly payment options.
For business and long-stay visitors, these short-term monthly options from hotels are especially appealing, as they avoid the hassles of long-term leases and rental brokerage fees. Additionally, hotel apartments located close to downtown Dubai and metro stations provide convenient access to the city’s business districts, making them a popular choice for corporate and long-stay travellers.
With the summer months traditionally being a lean season for the hospitality industry, the rising demand for hotel apartments is a welcome change. These short-term rental options could potentially drive an increase in hotel occupancy rates for long-stay visitors and residents alike. Overall, the outlook for the hotel industry in Dubai remains positive, with hotels restructuring their rates to meet source market demands and expectations of staycations and long stays.”
– Thomas Kurian
Hotel Manager, LEVA