World's tallest hotel says revenues up by 21% in H1

JW Marriott Marquis Dubai reports occupancy of over 80% during first six months of 2015 despite 'challenging global conditions'
World's tallest hotel says revenues up by 21% in H1
By Staff writer
Mon 17 Aug 2015 02:09 PM

JW Marriott Marquis Dubai, the world's tallest hotel, on Monday said revenues during the first half of 2015 rose by 21 percent "despite challenging global conditions".

The UAE's largest five-star hotel said occupancies across its 1,608 rooms remained in excess of 80 percent leading into Ramadan.

The hotel said in a statement that it also achieved 100 percent occupancy on more than 30 occasions since its second tower was officially opened in October 2014.

Bill Keffer, JW Marriott Marquis Dubai general manager, said the results were a significant achievement considering the increase in supply of new luxury hotels regionally.

"Supply is up by 6.2 percent for the city, while overall demand has grown only by 2.5 percent. This is stark in contrast to JW Marriott Marquis, which has witnessed an increase in demand of more than 40 percent," he said.

"As a result, JW Marriott Marquis Dubai has continued to drive room revenues by 21 percent. These positive figures further cement our position as a market leader in the region, as we continue to set the precedent for hospitality industry standards both in the Middle East and internationally."

Operating 1,608 rooms and offering over 8,000 square metres of indoor and outdoor event space, the hotel is the tallest in the world and flagship in the globally renowned Marriott International portfolio.

The hotel boasts nine restaurants, five lounges, a spa, health club and two ballrooms and 32 meeting rooms.

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