Dubai hotel rates rose 12% in Q4 2008

26 March 2009

While most hotels in the world were lowering prices due to the onset of the financial crisis, Dubai registered a 12% rise in rooms rates in the 4th quarter last year compared to the same period in 2007, according to a report by Hotels.com. The report said Dubai had the second-highest room rates in the world in the fourth quarter of last year, with an average rate of $260.

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