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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
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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