Emirates NBD 2014 Achievements and Strategic Update
100%
80%
60%
40%
20%
0%
-20%
-40%
Jan-12
Apr-12
Jul-12
Oct-12
Dubai Economic Update (cont)
Highlights
Tourism continues to be a key driver of Dubai's growth with Dubai
International, the world's busiest international hub enjoying strong
passenger growth of 5.9% in 2014 over the same period last year,
despite major runway refurbishment in May-July
• Growth has been driven by new partnerships (for example with
Qantas), network expansion and the opening of new routes to Eastern
Europe, North & South America, Australia and Asia
• Hotel occupancy averaged 78.5% in 2014, down from 80% last year.
Increased supply of hotel rooms as Dubai adds capacity ahead of
2020 is likely to keep hotel occupancy rates under pressure until
demand catches up
Dubai's non-oil foreign trade value declined 3.7% y/y in H1 2014
Mn
7
965432-0
1
Hotel occupancy and RevPAR
Jan-13
Apr-13
Jul-13
RevPAR (% y/y)
Hotel Occupancy (%)
Source: STR Global, Emirates NBD Research
Oct-13
Jan-14
Apr-14
Jul-14
Oct-14
AED Bn
Jan-12
Dubai Airports passenger traffic
Passenger traffic (Mn people) (lhs)
Source: Dubai Airports, Emirates NBD Research
Passenger traffic (% y/y) (rhs)
Dubai: External trade growth trends
1,000
60%
800
40%
600
400
200
мі
20%
0%
-20%
0
-40%
2006 2007 2008 2009 2010 2011 2012 2013 2014e
Imports (Ihs)
Exports & Re-Exports (lhs)
Imports (% y/y) (rhs)
Exports & Re-exports (% y/y) (rhs)
Source: Dubai Statistics Centre
6
30%
25%
20%
15%
10%
5%
0%
-5%
-10%
-15%
Emirates NBDView entire presentation