The hotel sector in Dubai remained depressed last month in what has been a challenging year for the industry.
Hotels in the emirate suffered a 35.3 per cent drop in revenue per available room, the key indicator for the health of the sector, the largest decline in the Middle East and Africa region. Revenue fell to US$198.22 (Dh728.06) per available room last month, from $306.27 in October last year, data from STR Global showed.
The downturn in the global travel market and the increased supply of rooms in Dubai were the main reasons for the fall, said Elizabeth Randall, the managing director of STR Global. Some hoteliers and analysts have described these kinds of levels as the new “norm” for Dubai hotels, which had previously enjoyed what were considered unsustainably high occupancies and rates levels.
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