Abu Dhabi and Dubai hotel profits decline in July | HotelierMiddleEast.com

Abu Dhabi and Dubai hotel profits decline in July | HotelierMiddleEast.com:

"

Dubai hotel occupancy fell 12.5 percentage points to
54.6% in July according to the latest HotStats report by
TRI Hospitality Consulting Middle East.

Hotels in Abu Dhabi and Dubai saw profitability and revenue decline in July, according to the latest HotStats survey by TRI Hospitality Consulting Middle East.

Average room rates in Abu Dhabi fell 4.7% to US $105.82, resulting in negative RevPAR growth of 3.8%. The performance has been seen as a result of low demand in the summer, combined with the restriction on sales and consumption of food and liquor during Ramadan.

Occupancy in Abu Dhabi grew 0.5 percentage points to 50.1% due to offers such as SummerFest Abu Dhabi, which helped relieve the decline in occupancy that is common during the summer. Abu Dhabi was only market in the report to see negative profitability levels, which fell from marginal levels in 2012 due to the high operating costs in the UAE capital."

'via Blog this'