The economy of Ras Al Khaimah’s
growth over the past decade
RAK GDP, 2018;
growing at 3% p.a
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
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
arrivals (FY 2019)
nights (FY 2019)
length of stay
for Jebel Jais
Dubai Intl. Airport
RAK has attracted
visitors in 2019 and is on track to achieve the arrival target for 2030
Revenue contribution to GDP target for 2030
AED 3.5 billion
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
INTERNATIONAL PERFORMANCE BY REVPAR
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
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
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
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
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.
International source markets
CURRENT ACCOMMODATION SUPPLY
Ras Al Khaimah (JAN 2021)
Hotel 5 Stars
Hotel 2 Stars
Hotel 4 Stars
Hotel 1 Star
Hotel 3 Stars
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)