Business Booming for Dubai Hotels

28/11/2011 - Dubai Investment News
Business Booming for Dubai Hotels

Dubai’s hotels and hotel apartments have been counting the profits of a highly productive first half of 2011. The total revenue generated by hotels and hotel apartments reached AED 8.05 billion in Q1-3 of 2011, an increase of 18% on 2010. According to the Dubai Department of Tourism and Commerce Marketing, hotels netted AED 7 billion while hotel apartments posted profits of AED 1.1 billion. The number of hotels and hotel apartments also rose by 1% to reach 573, while the total number of hotel rooms and flats jumped up by 7% to 73,522.