2,800 new hotel rooms in Dubai fail to dampen occupancy rates

The new Anantara Dubai The Palm Resort & Spa
The new Anantara Dubai The Palm Resort & Spa

Hotel occupancy rates of 80 per cent were maintained in Dubai during 2013 despite nearly 2,800 new rooms being added to the supply chain, Ernst & Young (EY) has said in its Middle East Hotel Benchmark Survey, arguing that Dubai’s tourism market “rapidly absorbed” the influx of new hotels and continued to perform “exceptionally well”.

Commenting on the survey, Yousef Wahbah, MENA head of transaction real estate at EY said: “Several GCC cities, notably Dubai, Manama, Jeddah and Kuwait City recorded positive change in their hospitality key performance indicators in 2013, compared to 2012.”

He said average daily rates (ADR) in the emirate increased by 6.4 per cent from 2012 resulting in an overall RevPAR (revenue per available room) of $223 in 2013, an increase of 5.9 per cent from 2012.

In December 2013, Dubai recorded an increase in RevPAR of 3.4 per cent compared to the same period last year, with occupancy levels dropping marginally by 1.1 per cent from 83.4 per cent in December 2012 to 82.3 per cent in December 2013.

The UAE’s stable occupancy rates and increases in RevPAR in December 2013 can be largely attributed to the peak season for tourism, given the country’s mild winter weather. December has always been a peak month for tourism in the Emirates, attracting visitors from the region, as well as from around the world, to its many tourist attractions.



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[caption id="attachment_21141" align="alignleft" width="300"] The new Anantara Dubai The Palm Resort & Spa[/caption] Hotel occupancy rates of 80 per cent were maintained in Dubai during 2013 despite nearly 2,800 new rooms being added to the supply chain, Ernst & Young (EY) has said in its Middle East Hotel Benchmark Survey, arguing that Dubai's tourism market "rapidly absorbed" the influx of new hotels and continued to perform "exceptionally well". Commenting on the survey, Yousef Wahbah, MENA head of transaction real estate at EY said: "Several GCC cities, notably Dubai, Manama, Jeddah and Kuwait City recorded positive change in their hospitality key...

The new Anantara Dubai The Palm Resort & Spa
The new Anantara Dubai The Palm Resort & Spa

Hotel occupancy rates of 80 per cent were maintained in Dubai during 2013 despite nearly 2,800 new rooms being added to the supply chain, Ernst & Young (EY) has said in its Middle East Hotel Benchmark Survey, arguing that Dubai’s tourism market “rapidly absorbed” the influx of new hotels and continued to perform “exceptionally well”.

Commenting on the survey, Yousef Wahbah, MENA head of transaction real estate at EY said: “Several GCC cities, notably Dubai, Manama, Jeddah and Kuwait City recorded positive change in their hospitality key performance indicators in 2013, compared to 2012.”

He said average daily rates (ADR) in the emirate increased by 6.4 per cent from 2012 resulting in an overall RevPAR (revenue per available room) of $223 in 2013, an increase of 5.9 per cent from 2012.

In December 2013, Dubai recorded an increase in RevPAR of 3.4 per cent compared to the same period last year, with occupancy levels dropping marginally by 1.1 per cent from 83.4 per cent in December 2012 to 82.3 per cent in December 2013.

The UAE’s stable occupancy rates and increases in RevPAR in December 2013 can be largely attributed to the peak season for tourism, given the country’s mild winter weather. December has always been a peak month for tourism in the Emirates, attracting visitors from the region, as well as from around the world, to its many tourist attractions.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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