Hotel rates post big fall in Dubai and Abu Dhabi

01 November 2009

According to data from STR Global, hotels in Dubai posted the largest average daily rate (ADR) decrease in the Middle East in October, Emirates Business has reported. ADR fell 8.3% to $175.62 (Dhs644), while the next largest decrease, a drop of 6.8% to $200.50, was in Abu Dhabi. The main reason for the price drop was due to an increase in the supply of hotel rooms, the data showed.

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.