Browse
related articles
Dubai hotels ended last year with 83.6% occupancy
- United Arab Emirates: Wednesday, February 27 - 2013 at 02:11
Ernst & Young (E&Y) has said hotels in Dubai maintained a good performance in 2012, with an overall 83.6% occupancy rate, Gulf News has reported. The occupancy rate in December reached 81%, higher by 3% than the same month in 2011, the report said. Revenue per available room (RevPAR) climbed 10.4% year-to-date and 6.8% monthly; while average room rate rose by 7.3% year-to-date and 6.4% monthly, it said. However, Yousef Wahbah, MENA Head of Transaction Real Estate at Ernst & Young, said that occupancy rates are not expected to rise drastically "as the overall city is already experiencing high stable occupancy and more supply such as the Conrad and the second wing of the Marriott Marquis is expected to come online".
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
