UAE hotel sector performance to be lower in 2016 | GulfNews.com:
"The performance of the UAE’s hotel sector is likely to weaken year-on-year in 2016 as new hotel room supply and macroeconomic factors put pressure on room rates and occupancy, according to industry experts.
The hotel sector in Dubai has seen declining rates and occupancy this year because of factors including growing supply, the weakening of the rouble and euro against the strong US dollar to which the UAE dirham is pegged, and lower oil prices, which have made a holiday in the UAE more expensive for some travellers from Russia and Europe.
Rashid Aboobacker, associate director at TRI Consulting in Dubai, said that hotels in the capital saw growth in performance indicators, such as occupancy and room rates, this year compared to 2014."
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