Dubai’s hotels have put in a strong performance so far this year, according to new industry figures. According to a report from Ernst & Young and TRI Hospitality Consulting, the emirate’s hotels recorded a 10.3% increase in revenue per available room (RevPAR) in the first seven months of this year. The January-July period also saw average room rates (ARR) rise by 8.3% compared to the same period last year. In comparison, neighbouring emirate, Abu Dhabi witnessed a drop in RevPAR of 12%, while ARR decreased by 11.3%.
The report comes as yet more proof that Dubai’s hotel industry is thriving, which in turn is good news for investors in the market. The First Group is proud to be a part of the city’s buzzing hotel sector with the launch of its latest hotel apartment development, TFG Marina Hotel – located in Dubai’s top property hotpost, Dubai Marina.