Dubai Hotels Post Profits, Occupancy Growth In June | khaleejtimes.com
Hotels in Dubai saw a boost in profits and occupancy levels in June following increase in demand from domestic and regional travellers during the summer festival, according to the latest survey by TRI Hospitality Consulting. The HotStats survey, conducted in six Middle East and North African cities, said Dubai hotels continued their strong performance last month with a 9.2 per cent increase in average room rate.
Hotels in Dubai saw a boost in profits and occupancy levels in June following increase in demand from domestic and regional travellers during the summer festival, according to the latest survey by TRI Hospitality Consulting.
The HotStats survey, conducted in six Middle East and North African cities, said Dubai hotels continued their strong performance last month with a 9.2 per cent increase in average room rate (ARR) to $191.24, causing a 10.3 per cent increase in revenue per available room (RevPAR) to $147.55.
The survey said occupancy levels remained stable with a 0.7 percentage point increase over the same period last year.
“Dubai was back in action again this June as a favourite summer holiday destination for domestic and regional travellers. A further boost in demand was provided by the Dubai Summer Surprises, an annual shopping and entertainment festival, which is a major attraction for families,” Peter Goddard, managing director of TRI Hospitality Consulting in Dubai, said in an e-mail statement to Khaleej Times on Sunday.