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Dubai proves a ?¢‚ǨÀúmagnetic tourist?¢‚Ǩ‚Ñ¢ attraction

16/01/2012 - Dubai Investment News
Dubai property investment opportunity - The First Group
Dubai proves a ?¢‚ǨÀúmagnetic tourist?¢‚Ǩ‚Ñ¢ attraction

 A new report has dubbed Dubai a ‘magnetic attraction’ for tourism in the Middle East and North Africa. According to Ernst & Young’s Benchmark Survey for November 2011, the hotel and tourist industry continues to post positive results, with occupancy levels rising by 4% in 2011. The emirate was also the only destination in the MENA region to witness increases in both hotel occupancy and revenue per available room (RevPar), which rose by 4.5%.

"Dubai has been successful in attracting a larger share of the GCC tourism market as well as penetrating the US and China markets more effectively, as it is considered a stable and open market, boosting overall performance figures,” commented Yousef Wahbah, MENA head of Transaction Real Estate, Ernst & Young, to Dubai’s Arabian Business magazine.

Dubai’s increases also came despite an influx of new hotel room supply into the market, proving there remains room for competition in the emirate’s buzzing hotel industry.

Dubai property investment opportunity - The First Group



    
    
       
	
    
	
	
    
    
    
    

    
    
    
    
    
    
    
   	
	
    
    
    
    

    
    



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