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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.
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BBK discloses its financial results for the half year ended 30th June 2025
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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