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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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