Hotel occupancy dips across UAE | GulfNews.com

Hotel occupancy dips across UAE | GulfNews.com:



"Hotels in the UAE posted a decline in occupancy during the first quarter of the year compared to the same period a year ago, according to the latest report by global consultancy EY.



Properties in Dubai and Abu Dhabi saw occupancy drop one per cent to 88 per cent and 82 per cent respectively in the first three months of the year, while occupancy across Al Ain hotels touched 70 per cent, marking a two per cent drop.



In March, occupancy declined slightly in Dubai’s hotels (0.1 per cent) to 89.5 compared to the same period in 2013, while it rose one per cent to 86 per cent in Abu Dhabi’s properties.



While Yousef Wahbah, head of transaction real estate at EY for the Middle East and North Africa, did not provide reasons for the drop in occupancy during the first quarter, he said the decline in Dubai’s overall average occupancy in March was mainly due to “the drop in Dubai Beach hotels, which witnessed a decline in average daily rates of approximately 5.4 per cent, coupled by a slight decline in occupancy of on per cent.”"



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