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FINANCIAL NEWS
Occupancy rate in Dubai hotels hit 87 percent
19 Apr 2014
(MENAFN) Hotels in Dubai recorded an average occupancy of over 87 percent last month, despite supply outpacing demand for the month, Arabian Business reported.
STR Global’s February data for Dubai reveal that occupancy stood at 87.2 percent during the month, increasing 1.2 percent same period a year ago.
The data also show that the emirate’s supply and demand increase 7.4 percent and demand 6.2 percent, respectively, in March.
Positive revenue per available room (RevPAR) growth was recorded in the month, increasing 2.8 percent.
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
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
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