UAE hotel revenues, occupancy tumble in October

25 November 2009

Hotels in the UAE saw the sharpest declines in revenue and occupancy levels in the region during October compared to the same month a year ago, according to a new report by STR Global. Revenue per available room (RevPar) in UAE hotels plunged 32.1% to $194.5 and occupancy dropped 10% to 74.4% in the month. STR said the steep declines were due to falling demand and, in the case of Dubai, rising supply. Riyadh reported the largest occupancy increase in the region, up 7.9% to 70.4%, followed by Beirut with a 7.4% increase to 83.5%.

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