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Dubai hotels have highest revenue, occupancy rates in MENA region

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Dubai hotels had the highest occupancy levels in the Middle East and North Africa region in April, according to a new EY report. The hotel benchmark report provides a monthly performance overview of leading hotels in the Middle East. In Q1 2017, all MENA markets with the exception of Cairo, Beirut and Kuwait witnessed a decline in room yield compared to Q1 2016. Dubai overall hotels maintained the highest MENA occupancy in the first quarter of the year at 86.8%. The report added that "Dubai city hotels continued to lead in terms of the highest occupancy in the region, recording 88.6% occupancy in March 2017. However, average daily rates (ADR) in Dubai dropped by 8.4% from US$309 in March 2016 to US$283 in March, coupled by a slight decline in occupancy by 1.5% when compared to the same time last year, leading to a decline from US$272 in March 2016 to US$245 in March 2017. Source: HotelierMiddleEast.com
Posted by MODUL University Dubai on 1 Jun 2017

Topic: Industry News

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