In July 2017, hotel room rates dropped by 11.5 percent all over Dubai

Published on : Thursday, August 10, 2017

hotel room ratesAs per recent figures, the rates at Dubai hotels and resorts keeps on dropping as more and more rooms are becoming available and posing pressure on the hoteliers at the same time.

 
According to the statistics published STR, hotel industry research firm, prices of rooms in emirate have lessened more this summer, with an average cost of Dh471.25 per night in last month, which shows a down by 11.5 percent in comparison to the same time 2016.

 
The drop is because the room inventory is growing at a much faster rate than the number of guests. “Dubai’s hotel performance continues to be affected by supply expansion,” STR said in a statement.

 
In July 2017, demand increased by 1.8 percent. Room demand went up by 5.6 per cent, leaving ample empty accommodations with declining revenues.

 
All over Dubai, the hotel occupancy rates remained at an average of 65.7 per cent, declining by 3.6 percent in comparison to 2016. As a result, the revenue per available room went down by 14.7 percent to Dh309.76

 
STR analysts nevertheless highlighted the fact that July performance was equally influenced due to Ramadan calendar shift, with the Eid al-Fitr vacation scheduling on late June of this year against early July in 2016.

 
“However, Dubai did not experience as severe downturn as several other Middle Eastern markets during this year’s Ramadan period,” STR said.

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 03 itb-asia 2017
  • 04 Imex America 2017
  • 10 Globalwellnesssummit 2017
  • 10 thehotelshow 2017
  • 11 hospitalityaward 2017
  • 12 theleisureshow 17
  • 12 TTF17
  • 13 Frontiers Forum 2017
  • 14 bltm 2017
  • 14 patatravelmart 2017
  • 14 Seatrade-Europe 2017
  • 15 amsummit-ind 2017
  • 15 leisure 17
  • 16 Aviation Festival 2017
  • 16 OTDYKH 2017
  • 16 SKAL 17
  • 17 thincindonesia 2017
  • 17 worldmiceday 2017
  • 18 worldmiceday 2017
  • 19 IITM
  • 19 itehcmc 2017
  • 19 TTG Incontri 2017
  • 20 hmasummit  2017
  • 21 hoteltechhk 17
  • 43 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com