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Dubai?¢‚Ǩ‚Ñ¢s hotels record impressive occupancy

10/07/2012 - Dubai Property News
Dubai property investment opportunity - The First Group
Dubai?¢‚Ǩ‚Ñ¢s hotels record impressive occupancy

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. 

 

Dubai property investment opportunity - The First Group



    
    
       
	
    
	
	
    
    
    
    

    
    
    
    
    
    
    
   	
	
    
    
    
    

    
    



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