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FINANCIAL NEWS
Occupancy rates at Dubai hotels grow to 83.6% in 2013
27 Feb 2013
(MENAFN) Ernst & Young (E&Y) stated that occupancy levels at Dubai’s hotels hit 83.6 percent in 2012, reported Gulf News.
E&Y said that in December alone, total occupancy rate rose by 3 percent from 2011’s same period, reaching 81 percent.
In the mean time, year-to-date revenue per available room (RevPAR) grew 10.4 percent, whereas average room rate went up by 7.3 percent.
It is worth noting that Dubai hotels are expected to report marginal rise in RevPAR in 2013, while average daily rate (ADR) is forecasted to gain 6 percent.
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
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04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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