Dubai hotel revenues drop 6% on few tourists, cheap oil | GulfNews.com:
"Business isn’t looking very good for many hotels in Dubai and Abu Dhabi.
A new benchmark study released by global accountancy firm Ernst & Young (EY) on Wednesday showed that premium and budget hotels across the UAE recorded a slowdown in revenues during the last three months of 2015.
The decline has been attributed to the fall in the influx of holidaymakers from key markets, coupled with less liquidity, low oil prices, currency fluctuations and uncertain macroeconomic conditions."
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