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    GDP Outlook

    • tour-icon1

      200%

      The economy of Ras Al Khaimah’s
      growth over the past decade

    • tour-icon2

      $9.8 billion

      RAK GDP, 2018;
      growing at 3% p.a

    • tour-icon3

      3-4%

      of the emirate’s GDP is attributed to the tourism sector

    Direct tourism contribution to the GDP of the United Arab Emirates from 2012 to 2028 (in billion AED)*

    Value in billion United Arab Emirate Dirham

    Tourism is a significant contributor to the UAE’s economy

    quick facts

    REASONS TO
    INVEST IN RAK

    Even as it remains true to its rich heritage and natural resources, Ras Al Khaimah is constantly evolving and moving forward. The integrity of this approach is certainly an added incentive for investors

    1.12m

    Tourist
    arrivals (FY 2019)

    4,015

    Rooms under
    development

    3.58m

    Tourist
    nights (FY 2019)

    64

    Kilometers
    of beach

    3.21

    Tourist average
    length of stay

    1,934

    Meters elevation
    for Jebel Jais

    6,673

    Hotel
    rooms

    45

    Minutes from
    Dubai Intl. Airport
    growth-trend-2

    Growth trends

    RAK has attracted

    1.2 million

    visitors in 2019 and is on track to achieve the arrival target for 2030

    Revenue contribution to GDP target for 2030

    tour-icon4 AED 3.5 billion

    group-208 20,000

    Required rooms

    INTERNATIONAL
    PERFORMANCE
    BY OCCUPANCY

    Ras Al Khaimah performance

    Stable occupancy of 74%, with an ADR* of $ 154, over the past 3 years compared to 23 cities.

    Demonstrates that Ras Al Khaimah is steadily developing as an attractive destination.

    Investors have taken notice of the government strategy to foster the development of the entire emirate via projects like the world’s longest zipline and the viewing deck, as well as a variety of others that support a continued growth trajectory.

    *Average Daily Rate
    Source: JLL, Hotel Investment Study, 2019

    Top 10 destinations
    in occupancy

    INTERNATIONAL PERFORMANCE BY REVPAR

    Relative Performance
    The RevPAR performance achieved in Ras Al Khaimah between 2016 and 2018 positions the destination amongst the top markets

    Compared to prime European leisure destinations
    Ras Al Khaimah has performed on par with some of the world’s most popular destinations.

    Compared to other European destinations Ras Al Khaimah’s hotel market is generally outperforming even established European destinations in terms of top-line performance.

    *Revenue Per Available Room
    Source: JLL, Hotel Investment Study, 2019

    RevPAR: $119

    PROFITABILITY LEVELS

    Ras Al Khaimah top 3 destination in the 5-star gross operating profit margin

    Ras Al Khaimah Fujairah, Maldives, Dubai, Muscat, Salalah, Sardinia, Dubrovnik, Mallorca, Abu Dhabi, Goa, Phuket, Seychelles, Algarve, Ibiza, Marbella, Athens, Cancun, Punta Cana, Nice, Bahrain, Sharm El Sheikh, Cannes, Canary Islands

    image-30 image-30 image-30 image-30 image-30

    5* hotel performance
    Affordable labor expenses, coupled with the high RevPAR performance, ensure that Ras Al Khaimah can achieve the highest operating margins

    Ras Al Khaimah top 10 destination in the 4-star gross operating profit margin

    Cancun Ras Al Khaimah Fujairah, Abu Dhabi, Dubai, Goa, Phuket, Sardinia, Muscat, Salalah, Dubrovnik, Ibiza, Mallorca, Punta Cana, Athens, Marbella, Canary Islands, Nice, Algarve, Maldives, Sharm El Sheikh, Cannes, Seychelles, Bahrain

    image-30 image-30 image-30 image-30

    4* hotel performance
    Aside from Cancun, Ras Al Khaimah records the highest GOP margin in the 4-star hotel segment.

    Ras Al Khaimah top 3 destination in the 3-star gross operating profit margin

    Ras Al Khaimah Cancun, Fujairah Dubai, Abu Dhabi, Salalah, Muscat, Goa, Phuket, Dubrovnik, Mallorca, Punta Cana, Athens, Marbella, Canary Islands, Ibiza, Nice, Algarve, Sharm El Sheikh, Bahrain, Maldives, Cannes, Seychelles

    image-30 image-30 image-30

    3* hotel performance
    Ras Al Khaimah records the highest GOP margin in the 3-star hotel segment.

    Source: JLL, Hotel Investment Study, 2019

    DIVERSIFIED SOURCE MARKET

    International vs domestic visitor arrivals, 2019

    The new strategic plan by the RAK Tourism Development Authority (RAKTDA) targets a more diversified tourist market base that stabilizes demand and reduces exposure to a small number of markets.

    aero-icon 61%
    International Arrivals

    car-icon-2 39%
    Domestic Arrivals

    International source markets

    • Russia MASTER 94703
    • India MASTER
    • Germany MASTER
    • UK MASTER
    • Kazakhstan MASTER
    • Egypt MASTER
    • Czech Rep MASTER
    • Poland MASTER
    • Nordics MASTER
    • Oman MASTER
    • Others MASTER 256,568

    Market share

    CURRENT ACCOMMODATION SUPPLY

    Ras Al Khaimah (JAN 2021)
    3,725
    Hotel 5 Stars
    image-34 image-34 image-34 image-34 image-34
    86
    Hotel 2 Stars
    image-34 image-34
    176
    Guest Houses
    1,294
    Hotel 4 Stars
    image-34 image-34 image-34 image-34
    138
    Hotel 1 Star
    image-34
    418
    Apartments
    764
    Hotel 3 Stars
    image-34 image-34 image-34
    72
    Holiday Villas

    As of Jan 2021, Ras Al Khaimah has a total inventory of 6,673 ROOMS, including 6,007 hotel keys at all rating levels (5-star to 1-star) and 666 other accommodation rooms such as hotel apartments, guest houses and holiday villas.

    FUTURE ACCOMMODATION SUPPLY

    Future supply (room keys) by category (2021 - 2023)

    As of Dec 2020, we recorded a total of 4,015 ROOM KEYS under development in Ras Al Khaimah. This will bring new international brands to the destination over the next few years, such as The Address, Radisson, InterContinental, Marriott, Movenpick and Four Points by Sheraton.

    Hotel room keys
    in pipeline (2021 - 2023)

    • 2021 1,500

    • 2022 1,456

    • 2023 1,059