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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