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FINANCIAL NEWS
UAE hotels report 2.4% fall in Sep occupancy
28 Oct 2012
(MENAFN) STR Global announced that occupancy levels at hotels in the UAE fell 2.4 percent in September from a year ago to 66.6 percent, reported Arabian Business.
In the month, average daily rates (ADR) slipped 2 percent, whereas revenue per available room (RevPAR) went down by 4.4 percent.
The Middle East and Africa region posted a 5.4-percent gain in occupancy rates to 60.7 percent, whereas ADR dipped 1.7 percent to USD137.76 and RevPAR rose by 3.6 percent to USD83.63.
In Saudi Arabia, occupancy levels jumped 20.6 percent to an average of 50.8 percent, and RevPAR grew 19.2 percent, however, ADR went down by 1.1 percent.
In Cairo, occupancy increased by 24.6 percent to 52.3 percent, and they grew by 20.8 percent in Muscat to 59.0 percent.
It is worth noting that in Amman, ADR climbed by 10.1 percent to USD156.07.
More News
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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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