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FINANCIAL NEWS
Occupancy at Dubai hotels down to 78.8% in May
06 Jul 2012
(MENAFN) TRI Hospitality Consulting revealed in its latest HotStats survey that occupancy at Dubai hotels fell to 78.8 percent in May from 86.5 percent in April, reported Emirates 24/7.
The survey attributed the decline to an increase in rents, which reached to a record high of USD359.28 per room in April.
The drop in hotel occupancy levels reduced average room rate (ARR) to USD247.93 in May, with a decline of more than 31 percent.
However, Dubai’s hotels profitability jumped by 12.4 percent in May from a year earlier in spite of the decline in occupancy rate, while the gross operating profit per available room (GOP PAR) stood at USD145.93.
It is worth noting that in May, Dubai’s full-service hotels posted a 9.7-percent gain in total revenue per available room from the previous year to USD372.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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