Hotels in MENA saw a fall up to 64 percent | Positions and Promotions

Hotels in MENA saw a fall up to 64 percent | Positions and Promotions:

"Hotels in the Middle East and North Africa (MENA) failed to register high occupancy levels in July 2013, a HotStats survey by TRI Hospitality Consulting Middle East, showed. Hotels in Dubai and Abu Dhabi registered declining revenues and profits in July.

In Dubai, occupancy declined 12.5 percent to 54.6 percent, which pushed revenue per available room (RevPAR — a benchmark for performance) to fall 16.8 percent. Average room rates (ARR), however, was up 2.2 percent to $196.87.

As a result of declining room and food and beverage revenues, total revenue per available room (TrevPAR) in Dubai dropped 10.7 percent to $242.98 compared to a year ago. Profitability declined 63.6 percent to $37.35. Meanwhile in Abu Dhabi, occupancy grew slightly by 0.5 percent to 50.1 percent, as per the survey."

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