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FINANCIAL NEWS
Dubai’s hotel revenues down 10.1 percent in August
10 Oct 2015
(MENAFN) Four- and five-star hotels in Dubai reported weakening performance levels in August, with revenue per available room (RevPAR) declining 10.1 percent to USD147.45.
Figures from hospitality data firm Hotstats said that due to a marginal rise in occupancy levels by 0.6 percent, the contraction in room revenues was led largely by average room rates (ARR) falling 10.8 percent to USD196.49.
The drop in room revenues also impacted total revenue per available room (TRevPAR) which fell 10.6 percent to USD271.01, according to a new report released.
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