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FINANCIAL NEWS
Dubai hotels record highest revenue per room in June
08 Aug 2011
(MENAFN) Accountancy firm Ernst and Young said that in June, Dubai hotels witnessed the biggest revenue per room in the region compared with the same month in 2010, reported Gulf News.
The company added that occupancy levels rose around 6 percent from 69.9 percent in 2010 to 75.9 percent, attributing the increase to the regional political conflict that shifted visitors and tourists from other Middle Eastern countries to the emirate.
It also said that in 2011’s first six months, Dubai hotels’ occupancies grew to 82 percent from 79 percent in the same period a year ago, recording the highest rate in the region.
It is worth noting that the biggest fall in hotels’ revenue in the region was recorded in Sharm Al Shaikh in Egypt with a 48.6 percent decline in June from the same period in 2010.
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