Dubai hotels top in revenues, occupancy rates

Dubai's hospitality sector continues to outperform other markets in the world as the emirate recorded the highest occupancy rate and revenues during the first four months of 2010, compared to same period last year, according to a latest study. Dubai witnessed an occupancy of 77.4 per cent during the period year-to-date April 2010, compared to 71.5 per cent from the corresponding period in 2009 reflecting a growth of 8.4 per cent, according to an analysis by Deloitte, a consultancy and advisory firm.
Revenue per available room (revPAR), a key performance indicator for the hotel industry, was the highest during first four months in Dubai compared to other parts of the world. RevPAR during the period year-to-date April 2010 was recorded at $195.72, the consultancy firm said. “Owing to strategic marketing efforts, the city continues to outperform other markets by achieving the highest global RevPAR,Deloitte said.

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