Dubai has the highest hotel occupancy in the region
Dubai has the highest hotel occupancy rate in the Middle East and North Africa (MENA) region.
According to a report released by EY, Dubai’s hotel occupancy is not only the highest in the MENA region at 88 percent, it also has the highest average room rate at US$310 and despite summer being well under way, its revenue per available room (RevPAR) has in fact increased.
The report, which is based off the city’s performance in April, claims that the reason for its high occupancy rate is because of events like the Arabian Travel Market and the Arabian Hotel Investment Conference.
That said, we’re sure that the city’s many tourist attractions like Dubai Parks and Resorts, the Burj Khalifa as well as its rich culture and many shopping destinations have also contributed to the high occupancy rate.
The news also means that Dubai’s many five-star, business and three-star hotels have beat out the likes of those found in the nation’s capital (Abu Dhabi), as well as Oman, Morocco, Egypt and Lebanon.
Unlike Dubai, Abu Dhabi's hospitality market witnessed a drop in RevPAR by 4.8 percent in April. However, when compared to its April performance last year, Abu Dhabi’s occupancy rate has experienced an increase of 4.5 percent.
With regards to Ramadan, the report stated that all hotels operating in the MENA region will experience “softer” performance rates during the Holy Month.
“With the start of Ramadan at the end of May, it can be expected that Mena cities will experience a softer performance until the Eid holidays at the end of June”, the report read.
With some hotels already offering rooms for less than AED500 per night (JW Marriott Marquis Dubai, Le Méridien Dubai and Sheraton Dubai Creek Hotel & Towers) and with further deductions set to take place just in time for the Eid holidays, it looks like a good time for a staycation.