Dubai hotels to continue top performance

16/04/2012 - Dubai Property News
Dubai hotels to continue top performance

Dubai’s hotel industry will remain one of the world’s top performers this year, according to a new report from TRI Hospitality Consulting. The report indicates a 10% rise in hotel guests in 2011 compared to 2010, while the number of guest nights clocked in at 32.8 million in 2011, increasing 23% on 2010. Figures also released by TRI Hospitality revealed that room occupancy increased by 1.9% to 82.1%, while average room rates rose by 7.6% to $205.50, in turn spurring on a 10.1% boost in RevPAR to $168.07. Dubai hotels contributed to 23.2 million guest nights, while hotel apartments accounted for 9.5 million.

According to the report, a number of new hotel projects are also set to come online this year, adding to the vibrancy and global attraction of the city’s hotel market: "Looking forward, Dubai is expected to witness an increase in hotel openings in 2012 including some high profile projects such as JW Marriott Marquis, touted to be the world's tallest dedicated hotel when opened, and the Palazzo Versace Hotel in Al Jadaf.” The First Group is also proud to be expanding its portfolio in Dubai’s evolving hotel sector, with work already underway at its latest hotel apartment prestigious hotel apartment development, TFG Dubai Marina Hotel.