Ras Al Khaimah's tourism industry witnessed a tremendous growth of 8.7 % between 2014 and 2017. Last year represented a strong year of growth for Ras Al Khaimah, not just in terms of the increased visitor numbers that surpassed 820,000 - an increase of 10.9 % on the year before - but also the emirate's hospitality portfolio. The emirate is emerging as a major hub for hotel investment with a projected pipeline of 10,200 keys, which puts it in a leading position in the UAE.
Around 500 new hotel and hotel apartment keys are expected to be completed over 2017, with a similar figure to be completed in 2018. This includes the recently opened Hilton Garden Inn, the expansion of the Cove Rotana Resort and the CityMax hotel that is expected to be delivered in early 2018. Crowngate International also broke ground recently on its Avani Resort on Al Marjan Island.