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(MENAFN - Khaleej Times) The UAE hospitality industry will rebound this year with occupancy going up across the board following a dismal 2020 due to the Covid-19 pandemic as the long-term outlook for the sector remains intact, say analysts. However, they warned that the hoteliers need to expand their revenues streams, especially the small-and-mid-tier operators, to survive in the market getting tougher due to cut-throat competition in the market. Since the UAE hotel sector s long-term outlook remains intact, analysts believe that investments into hospitality sector will not be affected by the short-term impact of the pandemic on the sector. It s believed that the slower recovery of tourism will also pose a challenge for the local hoteliers. Though the vaccine is being rolled out at an exceptionally fast pace in the UAE, most of the other countries still lag behind in their vaccine inoculation, which will play a key role in the post-pandemic recovery of the sector.

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