Complex Made Simple

Dubai hotels post strong revenue growth in March

According to a survey by TRI Hospitality Consulting, hotels in Dubai have seen strong growth in revenues and profits, while hotels in Abu Dhabi continued to report drop in rates and profits in May 2012, Khaleej Times has reported. Revenue per available room (RevPAR) in Dubai climbed 9.6% to $195.47 in May, driven by a 6.5% growth in average room rate (ARR) to $247.96. In terms of profits, gross operating profit per available room (GOPPAR) for the month saw a growth of 12.4% to $145.93. The emirate's hotels also recorded a nominal increase of 2.3% point in occupancy to 78.8%, compared with the same month last year, as corporate demand replaced by the leisure segment, which is attracted to the discounted rates and packages offered during the summer season, the report said.