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NO. 1 Bi - Weekly for vacancies abroad.
Published every Wednesday & Saturday
12 years of excellence.
  
 

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Dubai hotel occupancy increases

Our Dubai Correspondent

Dubai hospitality sector, which was hit the hardest as a result of the global slowdown, seems to be getting back on its feet. According to the latest data compiled by STR Global, Dubai reported occupancy increase in January this year compared to the same period last year.

The emirate was one of the top three destinations in the Middle East and Africa to have witnessed an increase in occupancy. “Amman, Jordan, reported the largest occupancy increase, rising 7.1% to 44.1%, followed by Beirut, Lebanon (+6.1% to 57.6%), and Dubai (+6.1% to 72.1%),” STR report said. This came even as the overall Middle East/Africa region reported decreases in all three key measurements for January 2010.

The region’s occupancy in January fell 2.3% to 54.8%, average daily rate decreased 1.9% to $170.20, and revenue per available room decreased 4.1% to $93.23, showed the STR data.
Occupancy decreased in Abu Dhabi by 27.1% to 56.5%); Muscat, Oman, saw the rate coming down by 21.6% to 53.1%; and Johannesburg, South Africa, showed a decline of 10.1% to 47.9%.
“The African sub-regions are the ones boosting the overall results for the Middle East/Africa region, which is partly due to exchange rates,” said Elizabeth Randall, Managing Director of STR Global. “But the Middle East still achieved the second highest RevPAR of all the world sub regions at $120, surpassed only by the Caribbean with $128.”

“Overall, the Middle East/ Africa region continues to be one of two regions that still reports declines in RevPAR”, Ms Randall said. Cape Town, South Africa (+49.0% to $166.30); Johannesburg (+34.6% to $92.62); and Beirut (+25.7% to $206.00), saw the ADR (average daily rate) increases of around 25%. In the Middle East, Muscat led the ADR decreases, falling 25.0% to $256.73, followed by Abu Dhabi with an 18.3-% decrease to $286.80. While Cape Town ended the month with the largest RevPAR increase, jumping 46.0% to $98.58, followed by Beirut with a 33.4-% increase to $118.76 Muscat (-41.2% to $136.27) and Abu Dhabi (-40.5% to $162.02) reported the largest RevPAR decreases.

 

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