COP29 in Baku sparks unprecedented hotel demand with 92% of properties at full capacity

The impact of a global audience descending on a relatively small hotel market

That mismatch is severe as Baku has very limited inventory compared to total demand.

A useful comparator is the previous COP 28, which was held in Dubai. For that event demand was higher, but so was the supply in the market. 

Dubai alone has around three times the total hotel room inventory of the entire country of Azerbaijan, let alone Baku. Whereas there are nearly 150,000 hotel rooms in Dubai, Azerbaijan has