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FINANCIAL NEWS
TRI report finds 89% increase in Dubai hotel occupancy in January
05 Mar 2013
(MENAFN) A recent report by TRI Hospitality Consulting found that occupancy rates at Dubai’s hotels grew by 4.2 percent in January from a year ago, reaching an average of 89.6 percent, Arabian Business reported.
The HotStats MENA report, which collates occupancy across four and five-star properties, said that that average room rates in Gulf emirate rose 5 percent to USD359.39.
The report added that revenue per available room (RevPAR) also grew by 10.2 percent to USD321.85.
TRI noted that it is normal to see a rise in the number of guests staying in Dubai’s hotels in January due to the annual Dubai Shopping Festival.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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