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FINANCIAL NEWS
Dubai hotels revenue grow 2.8 percent in March
11 Apr 2014
(MENAFN) Dubai hotels reported a significant growth of 2.8 percent in revenue per available room (RevPAR) last month, according to the Emirates 24/7.
Revenue per available room is an industry benchmark to show the hotel”s strong performance.
Elizabeth Winkle, managing director of STR Global, said: “While demand growth was strong, it did not keep pace with new supply, resulting in negative occupancy performance for the market.”
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