Dubai’s hotel industry has continued to grow month on month this year, according to recent figures released by TRI Hospitality Consulting. During May, revenues per available room (RevPAR) increased by 9.7%, while average room rates rose by 6.5%.
"The strength of Dubai's hotel market was once again shown in May with hotels improving in all areas of performance, especially with occupancy increasing to 78.8%,” commented Peter Goddard, managing director of TRI Hospitality Consulting. “The spending power of visitors was highlighted by a 9.7% increase in RevPAR to $372.21, driven by a 24.7% increase in food and beverage.”
These increases in turn caused gross operating profits per available room to rise by 12.4%. With May marking the traditional move towards the summer, the city’s hotels show no signs of slowing down, thanks to a calendar of events such as Dubai Summer Surprises and upcoming Ramadan and Eid celebrations.