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Dubai hotels registered strongest performance in March

: Thursday, May 01 - 2014 @ 12:35

According to a survey by TRI Hospitality Consulting, hotel occupancy in Dubai was the strongest in the region during March at 88.4%, Gulf News has reported. Average room rates (ARR), meanwhile, rose up 5.6% to $398.71, boosting profit margins, with gross operating profit per available room (GOPPAR) reaching $305.02. or 53.3% of total revenue. During the first three months of the year, hotels in the emirate saw ARR grow by 5.6% to $389.99, while revenue per available room (RevPAR) was up 4.5%.

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Thursday, May 1- 2014 @ 12:35 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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