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FINANCIAL NEWS
Dubai hotels revenue per room drops by 16.1 percent
16 May 2016
(MENAFN) Revenue in Dubai per room declined by 16.1 percent in April compared with a year earlier to reach USD 167.46mn during the month.
Moreover, the average daily rate fell down by 15.4 percent to USD 210.11mn, as occupancy decreased by almost 1 percent to 79.7 percent.
On the other hand, the supply of rooms increased by 6.1 percent, while demand grew by a smaller 5.2 percent last month.
In addition, more than 1,000 hotel rooms in the mid-market sector opened last year, with the room count standing at 82,760 at the end of March.
More News
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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