dubai hotel occupancy up to 90
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Dubai hotel occupancy up to 90%

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Dubai hotel occupancy up to 90%

Dubai - Arabstoday

Occupancy in Dubai hotels rose to 89.6 per cent this year to beat last year’s performance by 4.2 per cent, boosted by the Dubai Shopping Festival (DSF), according to a recent HotStats report by TRI Hospitality Consulting. The festival, which ran from January 3 to February 3, is expected to have attracted 4.7 million visitors. Monthly hotel performance indicators this year beat last year’s figures. Average Room Rates (ARR) were up five per cent to US$359.39; while Total Revenue per Available Room (TRevPAR) was boosted to US$522.92 (Dh1,923.29) — the highest recorded across all the markets surveyed-resulting from the 10.2 per cent increase in Revenue per Available Room (RevPAR) to US$321.85, as well as the 6.5 per cent rise in food and beverage (F&B) revenues. This contributed to a 14.5 per cent growth in Gross Operating Profits per Available Room (GOPPAR) reaching US$279.30. “The DSF has got better and better every year, and this time is no exception. This mega-event offers a perfect start to the year for the tourism establishments in the city, and helps bridge the gap between the end of year holidays and European winter breaks,” said Peter Goddard, managing director at TRI Hospitality Consulting. Meanwhile, Abu Dhabi hotels also saw occupancy rise from the shopping festival in nearby Dubai. Hotels recorded a 10.8 per cent increase in occupancy to 71.7 per cent. However, ARR levels dipped 10.7 per cent in January to US$167.77, dropping RevPAR by 5.3 per cent to US$113.05. “Despite stronger demand, hotels in the capital have failed to capitalise these events to improve top line performances, simply due to the competition,” said Goddard. Additionally, F&B revenues were down around 15 per cent during the month, resulting in TRevPAR to drop 9.6 per cent to US$241.16. Also, a two per cent rise in payroll affected bottom line profits, contributing to a 4.4 per cent drop in GOPPAR to US$71.16. In Kuwait, meanwhile, hotels recorded a 6.1 rise in occupancy to 58 per cent; while ARR were up 10.2 per cent to US$273.54, increasing RevPAR by 23.3 per cent to US$155.58. Over in Egypt, occupancy in Sharm Al Shaikh was up 9.3 per cent to 57.2 per cent; and in Cairo, it rose to 5.9 per cent to 43.7 per cent. And in Saudi Arabia, hotels performance levels were not as strong as that of other regional markets. In Jeddah, occupancy dropped 3.7 per cent to 72.2 per cent; while in Riyadh, it dropped 1.3 per cent to 60.3 per cent. From Gulf News

GMT 09:29 2018 Tuesday ,23 January

Heavy snowfall delays Davos arrivals

GMT 11:57 2018 Sunday ,21 January

Attack under way on Kabul luxury hotel: officials

GMT 04:56 2018 Monday ,15 January

'Shithole' projected on Trump's hotel in Washington

GMT 02:37 2018 Saturday ,06 January

Four new hotels in Asia

GMT 08:31 2017 Thursday ,02 November

Hotel Review: Waldorf Astoria Beverly Hills

GMT 14:02 2017 Sunday ,15 October

Las Vegas shooter booked Chicago hotel

GMT 13:59 2017 Sunday ,15 October

The most important new resorts in the UAE

GMT 08:19 2017 Monday ,25 September

Sheraton,Dubai reveals its October deals
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dubai hotel occupancy up to 90 dubai hotel occupancy up to 90

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dubai hotel occupancy up to 90 dubai hotel occupancy up to 90

 



GMT 11:03 2018 Tuesday ,23 January

No end to eyesores at Taj Mahal

GMT 10:18 2018 Thursday ,30 August

Iran incapable of closing Hormuz, Bab Al Mandeb

GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 04:53 2016 Monday ,16 May

English Premier League results

GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 06:15 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 13:13 2016 Wednesday ,14 December

Unarmed old man killed by police in California

GMT 15:00 2017 Wednesday ,08 March

1 killed, 2 missing due to Avalanche in French Alps

GMT 12:07 2017 Saturday ,25 February

Renault’s R.S.17 features Infiniti co-built ERS

GMT 12:52 2017 Saturday ,04 November

Belgium 'to study' Spain's EU warrant for Catalan leader

GMT 08:40 2017 Wednesday ,01 November

Miss Morocco launch her first charity program

GMT 16:26 2016 Friday ,04 November

All Black brothers in arms ready for rare double

GMT 08:21 2017 Saturday ,30 September

Al Sayed underlines economic improvement

GMT 10:27 2017 Wednesday ,13 December

Strikes kill 12 in rebel-run Yemen prison camp

GMT 10:52 2017 Saturday ,14 October

NGOs slam UN aviation agency plan
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice