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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.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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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