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Gulf hotel rates to remain high

Gerald Lawless, executive chairman of Jumeirah Group, said he does not expect hotel rates in the Gulf to fall despite a rise in the number of rooms across the region, reported Gulf News. Dubai currently leads global hotel statistics with an average room rate of $283 in 2007. Meanwhile, other Gulf cities also topped the $200 mark. Lawless said the current rates may level off, but he does not expect them to decrease.