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FINANCIAL NEWS
Revenue of Dubai hotels up 24% in Q1
01 May 2012
(MENAFN) The Dubai Department of Tourism and Commerce Marketing’s (DTCM) Director General, Khalid A bin Sulayem, stated that during the first quarter, revenues of the emirate’s hotels jumped 24 percent to USD1.46 billion, reported Emirates 24/7.
Bin Sulayem added that during the period, guest numbers rose by 9 percent
from the same period a year earlier to around 2.6 million guests.
Moreover, guest nights in the quarter grew by 22 percent to 10.35 million, while the average length of stay went up 12 percent.
He also said that hotel room occupancy rate rose 8 percent to 87 percent, whereas occupancy rate for apartment flat was up 5 percent to 84 percent.
It is worth noting that the number of hotels in Dubai rose by 1 percent in the first quarter to 577.
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