Dubai hotels soar in global performance rankings

22/04/2009 - Dubai Property News
Dubai hotels soar in global performance rankings

Hotels in Dubai achieved the highest scores of any city in the world in two of three criteria that are used to assess hotel profitability and performance.

The latest data compiled by STR Global shows that in February, hotel properties in Dubai registered the highest average daily rate and revenue available per room of any city.

So too, hotel properties in Dubai achieved the second-highest occupancy rates of all global markets, with average bookings equal to 75.5 per cent of capacity.

James Chappell, managing director of STR Global, said that the Middle East is continuing to outperform key markets in Europe, the Americas and the Asia Pacific region.

He added that occupancy rates in Dubai have been boost by a lowering in average booking rates.

On the other end of the scale, the company reported that five major markets in the US - Phoenix, Arizona; New York; Detroit, Michigan; Atlanta, Georgia; and Miami, Florida - saw occupancies fall particularly sharply in February.ADNFCR-2019-ID-19134253-ADNFCR