Sunday, August 02, 2009

Data on hotel occupancy, revenue, construction

Gulf News reports some helpful statistics provided by Smith Travel Research Global on the hotel industry in Dubai, the UAE and the Gulf:
In the Gulf, Oman experienced a significant decline of 19 per cent in occupancy rates during the first six months to June this year when compared to the same period last year, according to data provided by Smith Travel Research Global.

Qatar suffered a 14.52 per cent decline, the UAE 14.13 per cent, Bahrain 10.12 per cent, Kuwait 4.31 per cent and Saudi Arabia 3.88 per cent drop.

In RevPAR [revenue per available room], the UAE suffered the worst fall of 28.8 per cent during the first six months to June, followed by Qatar at 12.41 per cent, Kuwait 12.04 per cent, Bahrain 8.67 per cent, and Oman 7.1 per cent. Saudi Arabia was the lone market in the Gulf to register a 3.97 per cent rise.

In the UAE, Dubai's occupancy dropped by 12.9 per cent and RevPAR declined steeply by 35 per cent during the first half of this year compared to the same period last year while Abu Dhabi's RevPAR grew by 3.2 per cent during the period.
...
Among the key markets, Dubai reported the largest number of rooms in the construction phase where of the 33,319 rooms in active pipeline, 11,196 rooms are in the construction phase.
Read it all.

For more details see the press release from Smith Travel Research Global and the tables in its Global Performance Report (pdf).

3 Comments:

Anonymous Anonymous said...

Emirates Today closed in December 2007. It is now Emirates Business 24/7.
maybe you should update the link

1:35 AM  
Blogger nzm said...

Ah yes, but according to this report, hotels in Dubai lead the world when it comes to profitability margins.

There's always some way in which bad news can be spun to be positive!

4:21 PM  
Anonymous Hotels in Abu Dhabi said...

for the revenue purpose they had launch their best policies regarding increasing in it ......

10:22 AM  

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