Dubai has shot to the top of the world rankings in terms of hotel occupancy, according to a new report by STR Global. With an average of 86.2% in January this year, the emirate leads the global field, ahead of cities such as Hong Kong, Sydney, London, Paris, New York, Buenos Aires, Toronto, Madrid, Berlin, Beijing and Rome. It is a huge achievement for Dubai’s hotel industry, which stood at number seven in the world occupancy ranks in 2010. In terms of average room rates, Dubai also emerged second after Paris at $269.90, up from fourth in 2011 – a major achievement for a city that is relatively young by other global city standards.
The outlook for Dubai’s hotel industry in 2012 is very positive, according to the Dubai Department of Tourism and Commerce Marketing, with growth set to remain strong. The latest figures are also highly encouraging for investors in Dubai’s world topping hotel industry, with 2012 already shaping up to be one of the emirate’s best.