SPECIAL: Dubai's tourism sector bounces back - Emirates 24/7

SPECIAL: Dubai's tourism sector bounces back - Emirates 24/7:

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Arabian Travel Market coincides with an all-round recovery in the UAE hospitality sector .
Some of the biggest names in the industry are back at the region's best trade show that begins today.
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As they say, if things have gone so bad they can only get better, and rightly so. The hospitality sector, after having taken a strong hit in the global financial slump, is on the recovery path, according to industry experts.

Dubai is a strong example of that. The emirate's hotels, which saw room rates drop to almost 60 per cent over the last year, are expected to see a pick-up in rates by end-2011, according to hospitality consulting firm CBRE Hotels. Dubai had the 16th most expensive room rates in the world last year, according to consultancy Hogg Robinson Group.

Latest numbers show that Dubai hotels recorded the highest RevPAR (revenue per available room) – an industry benchmark – in the world as of March 2010, according to Deloitte analysis of selected STR Global hotel performance data for the Middle East."

'via Blog this'