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FINANCIAL NEWS
Dubai hotels to increase revenue by 10%
19 May 2011
(MENAFN) Deloitte & Touche’s Global Managing Director for Tourism, Hospitality and Leisure, Alex Kyriakidis, said that this year, Dubai hotels would be expected to raise their revenue per available room (RevPAR) by around ten percent, reported Gulf News.
Kyriakidis added that in the first quarter, the emirate’s hotels’ occupancy reached 82 percent compared with 78 percent in the same quarter in 2010, adding that the expected average occupancy for Dubai hotels during the rest of the year would be 80 percent, due to the political upheaval in the region.
He also said that countries within the GCC like the UAE, Qatar and Saudi Arabia would grow at least by ten percent in revenue per available room, adding that it would be a healthy growth rate, bearing in mind the already high rates in the GCC.
It is worth noting that this year; Dubai hotels could record a small growth in room rates. The per night average room rate of USD250 largely unchanged means that currently, the emirate is experiencing an average room rate in the level of USD200, which makes Dubai the number one performer in the region.
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