Wednesday, 30 November 2022

Market Research Company in Dubai

Market Research

Research Konnection is market research company in Dubai (UAE) that offers professional Data Collection services to Local and International Companies and Brands that are seeking to understand consumer behavior in UAE / Gulf region.

Market Research Company in Dubai

Being the one of the best market research company in Dubai, we have the capabilities to conduct in-depth research across Dubai, Abu Dhabi, UAE and GCC region.

Offering wide range of research services, Research Konnection is the leading market research company in Dubai that offers the following:

  • Surveys (Online | F2F | Phone)
  • Interviews (B2B | B2C)
  • Data Analytics (Advance Tracking Softwares)
  • Market Intelligence (Trends | Size | Growth Potential)
  • Competitive Intelligence (Major Players | Market Share | Positioning)
  • Consumer Behavior (Needs | Demands | Expectations)

Monday, 28 November 2022

Over 10 Million Tourists Visited Dubai in First Nine Months - 2022


First nine months see more than 10 million tourists visiting Dubai

Dubai tourism data shows over 10 million international travelers visiting Dubai in the first nine months. During the similar period in 2021, Dubai received only 3.85 million visitors. Market research UAE data published by the Department of Economy and Tourism Dubai indicates 162.8% increase in tourist inflow from the last year. 

Top five international tourist in Dubai by country 

India was the biggest source market with 1.24 million international visitors to Dubai. It was followed by Oman (1.05 million), Saudi Arabia (907,000) and the United Kingdom (720,000). There was a surge in Russian tourists as well placed at fifth position with 454,000 visitors. The US (391,000), Pakistan (279,000), France (269,000), Germany (268,000) and Iran (247,000) held 6th to 10th position respectively. 

Dubai: Tourists inflow from Western European countries gradually rising

Inward tourism from Western Europe to Dubai accounted for 22% in the first half of 2022. Likewise, Middle Eastern and Gulf countries  contributed significantly with 34% while South Asian countries’ share was 16%. Russian, Commonwealth and Eastern European countries accounted for 11% collectively. Being one of the top marketing research companies in Dubai, we predict that the tourists from Russia are likely to increase two-fold in the next 6-12 months as they seek to reconsider to the UAE in the aftermath of the Ukrainian war. 

Dubai hotel occupancy rate – 2022

Dubai’s average hotel occupancy was up by 75% in the first half of 2022. This echoes a similar percentage to pre-pandemic times (in 2019). However, the occupancy rate was achieved despite a 19% increase in room capacity when compared to a similar period in 2019. Dubai’s hotel inventory by the end of first half in 2022 comprised 140,778 rooms open at 773 hotels, compared to 118,345 rooms available in June 2019 across 714 hotels.

Meanwhile, the total number of hotels in the first half of 2022 saw an 8% growth when compared to the first half of 2021. This highlights strong investor confidence in Dubai’s tourism sector. The hotel sector outperformed pre-pandemic levels across all other key measurements – Occupied Room Nights, Average Daily Rate and Revenue per Available Room. Dubai hotels delivered a combined 18.47 million occupied room nights during the first six months of the year, a 30.4% annual growth and 18% increase over the pre-pandemic period of the first half of 2019.

The potential market size for tourists in Dubai is significantly higher than the pre-Covid with a total of 142,782 total available rooms, 19% more than the 119,779 on offer in 2019. Average daily rates for hotels in the emirate are AED 495 so far this year, an increase from the AED 393 in 2019, according to official Dubai Tourism data.

Saturday, 26 November 2022

UAE to become the fastest growing economy in the Gulf - 2023

UAE economy is set to outpace Saudi Arabia 

Dubai – According to the International Monetary Fund (IMF) latest projections, the United Arab Emirates (UAE) will be the fastest growing economy in 2023. It is estimated that the UAE economy will lead the region with a growth rate of 4.2%. It will outpace Saudi Arabia (3.7%), Bahrain (3%), Oman (4.1%), Kuwait (2.6%) and Qatar (2.4%) to become the fastest growing in the Gulf region. Similarly, the IMF forecasted the UAE GDP to grow by 5.1% in 2022. 

UAE thrives while global economy slowdown 

The IMF report considered higher inflation, tightening financial conditions, Russian-Ukrainian war and effect of Covid-19 pandemic while computing the economic forecast. As one of the best market research companies in UAE, we can validate the projections of the IMF latest report. While the global economy is currently experiencing challenges, UAE is set to witness economic recovery thanks to strong government initiatives to boost the economy.

UAE Government initiatives to overcome the global economic slowdown

The UAE government has taken several measures to handle inflation. This includes a new policy to stabilize prices of basic food items. Furthermore, H.H. Sheikh Mohamed bin Zayed directed the restructuring of the Social Welfare Programme for low-income citizens. The budget was doubled from AED 14 billion to AED 28 billion which will have a positive impact on the growth of UAE economy. 

Impact of Economic Growth on Consumer Spending

The consumer spending in UAE has increased as a result. Furthermore, the drop in petrol prices and uplifting of most Covid-related restrictions is having a positive effect. These initiatives are going to further support consumer spending and along with positioning UAE as one of the major retail and Food and Beverage (F&B) hubs in the Middle East region. A survey by Dubai’s Department of Economy and Tourism suggests half of the emirate’s residents (52%) dining out at least three times a week. 

Thursday, 24 November 2022

Business Consulting Services in Dubai

 

Research Konnection which is a part of Scan International Group is one of the leading Market Research Companies in Dubai that assist clients with Market Research, Feasibility Studies and Business Setups in the United Arab Emirates (UAE).

We are rated as one of the best market research companies Dubai as we have a deep understanding of the local economy, markets and demography. This enables us to provide deeper insights and offer practical research based solutions to established and emerging International companies and brands.

The Company was founded in 2014 by Waqas Hassan Siddiqui – A proven authority in Business Research for the UAE and Gulf region. From the platform of Research Konnection, we are passionate to help entrepreneurs, business owners and companies through Market Research (Surveys & Interviews), Feasibility Study and Business Plan services in Dubai and UAE.


Why Choose Us


UAE-based Research Firm

We are one of the leading market research companies in Dubai, established with the focus to provide valued added data and insights pertaining to UAE economy, markets and consumers.

Data Reliability

We understand that key business and strategic decisions are based on research findings, hence we ensure that data provided by us is highly reliable, accurate and valid at all times.

Professional Research Team

Our research team has decades of experience (UAE & Gulf markets) which enables them to prepare customised market research reports, feasibility studies and business plans tailored to the specific needs of clients.

UAE Market Knowledge

Led by Founder & MD – Waqas H. Siddiqui, our research team has strong technical expertise and in-depth knowledge of UAE & Gulf economy, markets and consumers.

Quality-driven Research

We are committed to the provision of quality research services and we aim to provide high quality data and insights to our clients tailored to their specific requirements.

100% Client Satisfaction

We make a conscious effort to understand clients’ needs and strive to deliver value-added data, insights and strategies that can help them in business decision making process.

Our Story


Research Konnection was established in Dubai to provide accurate and in-depth market research services to local and international companies and brands. The company was founded in 2014 by Waqas Hassan Siddiqui – expert in Business Research for the UAE and Arab region.

Our Vision


Become the leading market research company in UAE driven by value added research.

Our Mission


Provide accurate data and insights and data that can ensure sustainable growth businesses in UAE and Gulf region.

Our Philosophy


Connect with entrepreneurs, business owners and companies on the basis of extensive UAE market knowledge.

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