Archives

Home

Media Center

Financial News

11-04-14

Dubai hotels revenue grow 2.8 percent in March

(MENAFN) Dubai hotels reported a significant growth of 2.8 percent in revenue per available room (RevPAR) last month, according to the Emirates 24/7. Revenue per available room is an industry benchmark to show the hotel"s strong performance. Elizabeth Winkle, managing director of STR Global, said: "While demand growth was strong, it did not keep pace with new supply, resulting in negative occupancy performance for the market."