By Edward Attwood
Revenue per available room rises 38% in January, occupancy levels highest since property crash
The continuing influence of the Arab Spring and the bargains on offer at the Dubai Shopping Festival helped make Dubai the best-performing hotel market in the world during January, according to independent data.
STR Global research showed that Dubai had the highest global occupancy rate (86.2 percent) during the month, pushing Hong Kong (79.7 percent) and Sydney (78.2 percent) into second and third place.
The figure is a marked improvement on the 75.4 percent number recorded in January last year, and is also higher than the 78.9 percent recorded in 2008, before the financial crisis hit the emirate.
The STR Global data also showed that Dubai’s hotels are also out-performing other cities around the world in terms of revenue per available room (RevPAR), with a 38 percent increase on the same month last year.
In January, the city’s hotels recorded RevPAR at $232.70, ahead of Paris ($208.70) and Hong Kong ($205.20). By comparison, hotels in London and New York showed RevPAR of $132.40 and $125.40, respectively.
Dubai has not been top of the global RevPAR index since 2008. In the same month last year, the emirate recorded RevPAR levels of $169.
Last week, figures published by the Dubai Department of Tourism and Commerce Marketing showed that the number of tourists visiting Dubai rose by 10 percent to total 9.3 million in 2011.
Revenues also grew by 20 percent to touch AED16bn ($4.36bn) as the emirate managed to withstand any impact from regional unrest.
The data also showed that the average length of stay swelled 12 percent to 3.6 days as visitors chose Dubai over trouble-hit alternatives such as Egypt and Bahrain.For all the latest travel news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.