Hotels in Dubai, UAE, will end the year with a 2.2-per-cent increase in revenue per available room (RevPAR), STR Global has said.
The global provider of hotel data had in previously forecast in May a RevPAR of 3 per cent for 2014.
Dubai hotels reported the lowest occupancy levels in July of any month for the last 18 years, said an industry expert, adding that preliminary data indicate negative revenue-per-available-room performance.
“As July is one of
Hotels in Dubai recorded 35 percent occupancy by Saudis during the Eid Al-Fitr holidays, a report said.
Statistics revealed by Dubai tourism authorities show that more than two million Saudis visited the emirate during the past si
Dubai hotels experienced positive revenue-per-available-room performance during June despite a 5.5 per cent decline in occupancy, a report said.
There was an 8.6 per cent increase in supply and demand grew 2.6 per cent during the
Dubai hotels saw its occupancy hit a record 88.4 per cent during March, the strongest in the region, said a report.
The average room rates (ARR), meanwhile, touched $398.71, up 5.6 per cent, boosting profit margins, with gross ope
The hotels across Dubai will start collecting 'tourism dirham', a new fee imposed on guests staying at hotels and hotel apartments in the emirate per room per night, said a report.
The fee, which was announced by the Dubai
“The hotel market performed very well across most of Mena in August,” said Yousef Wahbah, Mena head of Transaction Real Estate at EY, a major professional services organisation.
Although the summer months are generally
Bahrain hotels see rise in occupancy rates
Bahrain hotels reported an increase of 7 per cent in occupancy rates overall and by 4 per cent last November, said a report, adding that hotel room profitability has also go
Dubai hotels posted a 3.9 per cent rise in occupancy March as against the same month of 2011, despite an increase of 5.8 per cent in the average room rate, said an industry expert.
“We should not forget that it has been achieved in an envi
The hotel sector continues to be the best performing of the Dubai real estate market achieving an average occupancy rate of 78 per cent in July, according to a new report by property expert Jones Lang LaSalle (JLL) Mena.
The growth has bee