Occupancy and room rates at hotels in Dubai declined last month because of slower demand during Ramadan and an increase in room supply.
The occupancy rate fell 15.4 per cent from the year-earlier period to 63 per cent, pushing the average daily room rate down by 8.6 per cent to Dh592.69, according to STR Global. Revenue per available room, a measure of a hotel’s profitability, fell 22.7 per cent to Dh373.53..... Read more »
Posted on : 7/19/2015