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UAE Hotel Occupancy Rates Slump

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Dubai

A study by research firm STR shows that occupancy rates in hotels in Dubao has fallen by 2 percent to 78 percent.

There has been a decline in visitor numbers and in the purchasing power of visitors from Russia and China due to lower oil prices and the rise in the US dollar (to which the UAE dirham is pegged).  Exacerbating this effect is the rapid rise in the supply of hotel rooms.

Revenue per available room (RevPAR) is also down 11.6 per cent to Dh596.16 and the price of hotel rooms, or average daily rate (ADR), dipped by 9.8 per cent to Dh764.63.

http://gulfnews.com/business/sectors/tourism/uae-hotel-occupancy-rates-continue-to-slide-1.1934106

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Rachel Reed

Rachel Read

Rachel is Finance Director. She has a degree in engineering from Cambridge University and qualified as a Chartered Accountant at Deloittes in London. She worked in finance in industry for twenty years. She oversees our news and also manages our events.

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