Dubai hotels operating to tight margins as occupancy levels dip | The National:
"Dubai’s plush hotels may command room rates of hundreds of dollars, but margins can be tight during some periods as the latest data from the booming sector reveals.
Hotels in the emirate barely managed to cover their operational costs in July, while those in Abu Dhabi made a loss when occupancy levels dipped to a record low and sales from food and beverages came to a halt during Ramadan hours.
The gross operating profit per available room that month was just seven cents in Dubai, according to Hotstats data from Dubai research company TRI Middle East. Abu Dhabi hotels made a loss of US$12.44."
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