Saturday 2 June 2012

Dubai hotel revenues hit 3-year high in April - Travel & Hospitality - ArabianBusiness.com

Hotels in Dubai reported growth in revenues and profits while Abu Dhabi continue to experience a decline in rates and profits in April, according to the latest HotStats survey by TRI Hospitality Consulting.
Revenue per available room (RevPAR) in Dubai increased 9.4 percent to $311.12 in April, the highest level in three years, driven by a 8.6 percent growth in average room rRate (ARR) to $359.51 and a 0.6 percent rise in occupancy.
In terms of gross profits, Dubai saw a growth of 7.2 percent in GOPPAR to $265.84, significantly higher than the other GCC cities surveyed by HotStats.

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