Monday 12 May 2014

Dubai hotel occupancy climbs to pre-crisis levels | The National

Dubai hotel occupancy climbs to pre-crisis levels | The National:



"Dubai hotel occupancy levels climbed back to their pre-crisis peak last month despite an increase in supply over the past seven years as business travel lifted demand.



Hotels experienced a 2.2 per cent rise in occupancy to 84.8 per cent for the month and an 11.4 per cent increase year-on-year in the average daily rate to Dh1,065, according to STR Global. 




A growth in demand spurred occupancy levels to a seven-year high last month. 




“With a rising level of economic confidence in the market, business travel is again on the rise and the hotels in Dubai are enjoying substantial demand as a result,” said Grant Salter, the director of tourism, hospitality and leisure industry at Deloitte Middle East."



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