Dubai’s hospitality sector continues to outperform other markets in the world as the emirate recorded the highest occupancy rate during the first eight months of the year compared to other selected key regions in the same period, according to a latest study.
Hotels in Dubai topped in occupancy rate that reached to the level of 69.7 per cent after witnessing a 2.8 per cent rise, compared to same period a year ago, according to Deloitte’s analysis of STR Global Hotel Performance Data for the Middle East.
The hospitality market in the Middle East, which suffered a slight decline of 2.7 per cent in occupancy rate to 60.2 per cent during the first eight months, still remains dominant in revenue generation in the world.
The region’s revenue per available room, or revPAR, a key performance indicator for the hotel industry, reported at $116 during the period year-to-date, or YTD, August 2010, compared to $79.8 in Europe, $82.7 in the Asia Pacific region, and $59 in the Americas during the same period.
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