Dubai hotels see 8.4% occupancy growth

06/06/2010 - Dubai Property News
Dubai hotels see 8.4% occupancy growth

Posted by Neil King

Dubai hotels witnessed an average occupancy rate of 77.4 per cent during the first four months of 2010, reflecting an 8.4 per cent increase on the same period last year.

According to research by Deloitte, Dubai's revenue per available room (revPAR) - a key performance indicator for the hotel industry - was also the highest during the first four months of the year compared to the rest of the world, the Khaleej Times reported.

Dubai's RevPAR during the period was recorded at $195.72, Deloitte found.

"Owing to strategic marketing efforts, the city continues to outperform other markets by achieving the highest global RevPAR," the consultancy said.

The Middle East in general also recorded an average occupancy of 67 per cent in April 2010, compared to 58.5 per cent in the Americas, 65.3 per cent in Asia-Pacific and 61.6 per cent in Europe, the research revealed.

It was also reported this week that the Dubai Gold & Commodities Exchange (DGCX) recorded a 30 per cent month-on-month trading increase in May.ADNFCR-2019-ID-19819919-ADNFCR