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FINANCIAL NEWS
Dubai hotels report 14.2% rise in March’s RevPAR
28 Apr 2013
(MENAFN) STR Global stated that in March, hotels in Dubai recorded an increase of 14.2 percent in revenue per available room (RevPAR), to USD257.63, reported Arabian Business.
It added that the average daily rate (ADR) jumped by 11.5 percent in the month, reaching USD294.
Meanwhile, hotels in the UAE reported a rise of 3.21 percent in occupancy rates, averaging 82.8 percent, whereas ADR gained 9.2 percent and RevPAR climbed by 12.6 percent.
STR said that hotels in Amman, Jordan posted the largest increase in ADR, with a rise of 12.7 percent to USD166.44.
Furthermore, occupancy levels in Oman’s Muscat grew by 18 percent to 83.1 percent, whereas occupancy rates in Qatar’s Doha increased by 13.2 percent, exceeding 70 percent.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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