Three Gulf hotel markets post big RevPAR rises

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(AFP/Getty Images)

(AFP/Getty Images)

Three hotel markets in the Gulf region reported RevPAR (revenue per available room) increases of more than 30 percent in August, according to new data from STR Global.

Hoteliers in Dubai, Doha and Manama all posted impressive growth in revenues, compared to just a 2.9 percent increase across the Middle East and Africa region.

Doha recorded 38.4 percent growth in RevPAR to $99.55, while Dubai saw revenues rise to $145.14, an increase of 33.7 percent, and Manama jumped 31.2 percent to $88.42.

The STR Global figures also showed that Dubai had the best performance in the average daily rate (ADR) category.

The city's hotels saw ADR rise by 8.6 percent to $199.09 in August against a regional decrease of 0.8 percent.

STR Global also said that Doha hotel reported one of the highest increases in occupancy rates - up 35.6 percent to 54.2 percent.

The Middle East/Africa region reported a 3.7 percent increase in occupancy to 56.1 percent.

Figures also revealed that hotels in Saudi Arabia struggled during August compared to the same month in the previous year.

They showed that occupancy across the Gulf kingdom stood at 47.9 percent, down 15.5 percent while ADR was down 23.3 percent and RevPAR was down 35.2 percent.

In the UAE, occupancy rates reached 67.9 percent, up 19.7 percent while ADR increased 8.6 percent, and RevPAR rose 30.1 percent, STR Global added.

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Posted by: Praveen Kumar

And this data proves that the economy of Dubai depends upon the hotels and tourists. Thanks for the share!

http://goo.gl/6cXVPH

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