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Full house—Can Dubai hotels maintain their level up?
You’ve heard about it before: A lot more people are choosing to shack up in hotels in the UAE than in the rest of the region. Now here’s proof.
August 9, 2011 12:59 by Eva Fernandes
The June 2011 report of the Ernst & Young Middle East Hotel Benchmark Survey has just been released. The survey results provide telling insights to the occupancy and rate performances of hotels in the UAE and the Middle East—although we weren’t exactly shocked by the findings. After all, earlier this month the Institute of International Finance (IIF), (a Washington-based association of global banking and financial institutions) noted that hotel occupancy rate in Dubai rose from 80 per cent in the first five months of last year to 83 per cent in the first five months of this year, the most dramatic increase was seen in Abu Dhabi, where occupancy rose from 75 per cent to 80 per cent during the same period. And given the disruptive nature of the Arab Spring, it should come as no surprise that hotel occupancy fell sharply in Bahrain, Cairo, Damascus, and Beirut. But, they say a picture paints a thousand words, so without further ado, here are the major graphs from the the Ernst & Young Middle East Hotel Benchmark Survey report: