Thursday 26 April 2018

Dubai, Abu Dhabi hotels top performance

Dubai, March 9, 2014

Dubai and Abu Dhabi hotels recorded strong occupancy rates in January, said a report.

The latest HotStats report, published by TRI Hospitality Consulting, showed that while occupancy fell marginally in Dubai’s hotels by one per cent to touch 86.3 per cent in January, it rose 5.4 per cent in Abu Dhabi to reach 74.7 per cent, said the Gulf News report.

The average room rates (ARR) in Dubai hotels increased by 10.8 per cent to $402.15, while RevPar rose 9.5 per cent to $347.17.

“Hotels in Dubai successfully yielded higher average rates on the back of strong leisure demand during the month of January,” said Peter Goddard, managing director of TRI Hospitality Consulting, was quoted as saying in a statement.

The occasions such as Orthodox Christmas and New Year, during January have helped attract visitors from Russia and the Commonwealth of Independent States (CIS) to Dubai, he said.

Meanwhile, the Dubai Shopping Festival (DSF), which was held between January and February, attracted visitors mainly from the Gulf Cooperation Council (GCC) countries and East Asia, he added.

Abu Dhabi hotels’ ARR grew by six per cent to $165.07, and RevPAR rose 16 per cent to $123.37, said the report.

The rise in ARR was driven by the corporate segment as a result of events that include the Abu Dhabi HSBC Golf Championship and Abu Dhabi Sustainability Week, it added.

Tags: abu dhabi | hotel | Dubai | performance | rate | Occupancy |

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