Dubai hotels registered strongest performance in March
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%.