Room rates in Dubai hotels fell by 26% in the first six months of 2009 for guests paying in US dollars, according to a new report by Hotels.com. Globally, hotel rates fell by an average of 17% in the first half of the year, compared to the same period in 2008, the report found. For UK visitors paying for hotel rooms in pounds sterling, room rates in Dubai dropped a more modest 4% year on year.
You might also like...
Lunate acquires 40% stake in Adnoc Oil Pipelines
26 April 2024
Saudi Arabia's Rawabi Holding raises SR1.2bn in sukuk
26 April 2024
Iraq oil project reaches 70% completion
26 April 2024
Samana announces $272m Dubai Lake Views project
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.