Dubai hotel occupancy rates boom
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Hotel occupancy in Dubai witnessed a 10.5 percentage points increase in July year-on-year, the biggest such increase within the region, global consultancy Ernst & Young said in its Middle East Hotel Benchmark Survey. Occupancy in Dubai hotels rose to 80.8 per cent in July 2011, up from 70.3 per cent in July 2010.Reflecting this increase, average room rates in Dubai rose 6.2 per cent year-on-year, data in the E&Y report showed. With a high occupancy rate of close to 81 percent for the month, yield per room in Dubai also registered a region best growth of 22 percent year-on-year.Abu Dhabi hotel occupancy rose by a couple of percentage points, while average room rates in the UAE capital declined 8 percent during the same period.Elsewhere in the region, Bahrain and Egypt registered negative growth numbers, owing to the political tension in those countries. Occupancy in Manama hotels was down five percentage points, while yield per room in hotels in the Bahraini capital slumped 29.2 percent.Cairo was the worst hit city in the region, with occupancy plunging 33.2 percent. Average room rates, however, did not mirror this decline, slipping just 3.4 percent during the same period. The yield per room, on the other hand, tumbled by a massive 47.8 percent.
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