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FINANCIAL NEWS
Dubai hotel occupancy rates up 83%, RevPAR up 13% by May-end
23 Jul 2012
(MENAFN) A recent report released by real estate consultancy firm Jones Lang LaSalle showed that hotel occupancy rates in Dubai reached 83 percent by the end of May, a four percent increase from a year earlier, Arabian Business reported.
Higher occupancies and ADRs, RevPAR levels rose by 13 percent, reaching USD212 during the first five months, the report said.
The report also showed that Dubai market saw a recovery trend in the period, as the city received around 2.6 million tourists in the first quarter of the year.
The figures showed a 77 percent increase in average daily rates, driven by beach hotels where improvements exceeded 10 percent during the January to May period.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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