Dubai hotel occupancy plunges as conflict hits tourism
Updated
Updated · The Wall Street Journal · May 6
Dubai hotel occupancy plunges as conflict hits tourism
11 articles · Updated · The Wall Street Journal · May 6
Moody’s projects second-quarter occupancy at 10%, down from 80% before fighting began in late February, after Iranian attacks hit UAE airports and tourist sites including Dubai’s Burj Khalifa hotel.
The agency said the drop amounts to an effective shutdown of large parts of Dubai’s hospitality sector, a key pillar of non-oil growth in the Gulf.
Moody’s said the conflict has also heavily disrupted Gulf crude exports, underscoring how the war is damaging both the region’s energy trade and wider service economies.
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