Dubai's hotels posted a double digit occupancy rate increase in February, the first the emirate has seen since the start of the impact of the global downturn on its tourism sector.
The emirate's hotels, which saw big declines in both revenues and occupancy rates in 2009, recorded a 15.9 percent rise to more than 86 percent, the best performer in the Middle East and Africa region.
The increase comes despite fears by some industry experts that the number of new hotels planned in Dubai will lead to an oversupply of rooms.
Latest data published by STR Global showed that the region saw increases in revenue per available room (revPAR), average daily rates (ADR) and occupancy rates.
Occupancy rose 1.9 percent to 65.7 percent, ADR increased 1.7 percent to $166.18, and revPAR grew 3.6 percent to $109.23.Source