Hotels in the United Arab Emirates lead the hospitality industry in the Middle East in terms of occupancy rates, with an average of 79 per cent.
The UAE’s hotels also have the region’s highest return on rooms at AED765 on average, according to a report by Ernst & Young.
Occupancy rates at Abu Dhabi hotels during the January-July period of this year averaged 76 per cent, the same level reported in the same corresponding period last year.
The report, published by Al-Ittihad, revealed that the return on rooms at the capital’s hotels recorded $145 while room rates rose by a marginal 0.5 per cent to $188 against $187 in the same period last year.
Elsewhere, occupancy rates in Dubai averaged 79 per cent in the first seven months of the current year, the same rate recorded in the same period last year.
The return on rooms at Dubai’s hotels surged by 25 per cent in July to $105 compared with $84 in the same month in 2014.
The figures reveal the UAE’s hospitality and tourism sector’s ability to maintain growth momentum despite challenges in international markets.