In the UAE, hotel performance levels for Dubai and Abu Dhabi during the month of July highlighted the double impact of summer and Ramadan. Occupancy levels in Dubai fell 11.0 percentage points to 70.0per cent in July while Average Room Rate (ARR) increased by 6.4per cent to US$188.51.
Additionally, the onset of Ramadan caused a notable decrease in food and beverage revenues as well.
The 8.2per cent drop in TRevPAR and the increase in costs including the 5.5 percentage points rise in Payroll caused a dent in the bottom line, dragging GOPPAR down by 30.6per cent to US $45.18.
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