Dubai hotel revenues down 40pc

Dubai hotel revenues fell more than 40 percent in May from a year ago as travellers tightened their belts due to the economic crisis, according to a survey.

Hotel occupancies in Dubai, the Gulf's tourism and trade hub, fell 14.5 percent in the same period to 66.5 percent, hospitality research company STR Global said.

Revenue per available room (revPAR), an industry benchmark, stood at around $141, compared with $236 last year.

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