Occupancy levels at Dubai hotels declined from 86.5 per cent in April to 78.8 per cent in May 2012, prompting a decline in average room rate (ARR) to below Dh1,000 for the first time this year, and making Dubai more affordable for leisure tourists, who are expected to sustain demand during the summer months.
According to the latest HotStats survey of full-service hotels in six Mena cities by TRI Hospitality Consulting, Dubai’s hotels have seen a gradual decline in occupancy this year – from a high of 87.7 per cent in January to 78.8 per cent in May – as rents surged to cross an all-time high of Dh1,320 per room in April.
Analysts believe that higher room rates coupled with the ongoing economic concerns in Europe, one of Dubai’s major source markets, and a weak currency in India – another of Dubai’s major source of tourists – might have made the emirate a bit unaffordable for some of the tourists planning to visit the destination.
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