Azizi stated that with the launch of new development projects, the company will add nearly 20,000 rooms to Dubai’s hotel industry over the next five years.

In FY2022, footfall improved 11% points from January to December 2022, ending the year at 90% of 2019 levels; sales remained ahead of 2019 levels.

K11’s footprint will cover 11 key cities in the Greater China region, with a total of 39 projects.