Published on : Monday, April 17, 2017
As an increase in accommodation supply puts pressure on hoteliers, average prices of hotel rooms across Dubai fell nearly 10 percent in March, 2017, according to the latest figures released on Monday.
Average room rates fell 9.8 percent in the emirate, compared with the previous year, with the average night costing guests Dh 756.21 (US$205.91), preliminary data from hotel industry research firm STR showed.
As of last month, the number of hotel rooms in Dubai posted a six percent increase, as more newly completed projects were delivered into the market, putting pressure on operators to offer attractive rates, in a bid to keep bookings up.
Hoteliers’ revenue per available room (RevPAR) consequently dropped 11 percent to Dh 652.61 (US$177.70).
While more rooms are expected to come on stream, Dubai’s current stock of accommodations is already high by global standards. According to travel site Insider Monkey, the emirate has 100,000 hotel rooms available for visiting guests, the ninth highest globally, on par with New York and Chicago.
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