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Profitability of Dubai hotels in May highest in MENA

July 1, 2014 4:02 am

According to a report released by TRI Hospitality Consulting, hotels in Dubai reported a slight drop in occupancy to 82.2% in May, Gulf News has reported. While hotel occupancy declined 0.9%, average room rates (ARR) increased 4.6% to $301.09, boosting revenue per available room (RevPAR) 3.5% to $247.61. Profitability grew 5.8% to $208.15, the highest in the Middle East and North Africa.