According to Chris Hewett, director at management consultancy specialists TRI Consulting, revenue per available room (RevPAR) in the UAE in 2018 could drop by as much as seven percent. The latest first quarter 2018 industry figures released by hospitality consultancy STR have already reported a fall of 2.6 percent and four percent in Dubai and Abu Dhabi, respectively.
Markus Oberlin from consultancy Farnek laid it out at the Arabian Travel Market last week. “A hotel with 250 rooms running at 80 percent occupancy with an average rate of AED750 could lose as much as AED3.8m in revenue over the course of a year – and that’s not taking into account their F&B operation.”
In this edition of Inside AB Bern Debusmann and Jeremy Lawrence look at the advice of Markus Oberlin, CEO of facilities management consultancy Farnek, who outline the challenges facing the hospitality sector.
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(Source: Arabianbusiness.com YouTube channel)