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Friday, 10 June 2016

Profitability of Dubai hotels under pressure as room rates slide | GulfNews.com

Profitability of Dubai hotels under pressure as room rates slide | GulfNews.com:

"Hotels in Dubai saw profit per room fall by 22 per cent in the first four months of this year, due to a significant drop in average room rates (ARR), according to the latest report from research firm HotStats.

While occupancy for the January to April 2016 period reached around 87 per cent, ARR fell by 9.6 per cent to $298.68. This resulted in revenue per available room (RevPAR) for Dubai hotels to drop by 10.5 per cent in the same period to $258.04.

Conference and banqueting revenue per available room, meanwhile, rose 17.2 per cent year-on-year to $20.39 from $17.40 in 2015."



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