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Study sees hotel sector recover to its pre-crash state
July 4, 2013 2:44 by kippreport
The recent HotStats’ MENA Chain Hotels Market Review states that Dubai and Abu Dhabi experienced growth in their hotel sectors.
Abu Dhabi enjoyed a rise in occupancy levels with 14.7 per cent. In addition, the gross operating profit per available room (GOPPAR) in Abu Dhabi increased with the unbelievable 31.6 per cent. Dubai saw a GOPPAR growth that was nearly as impressive – 30.9%.
Last May, the hotel revenue per available room (RevPAR) in Abu Dhabi’ hotels jumped with 15.1 per cent. Nevertheless, the average room rates (ARR) are still decreasing, as they fell with over 8 per cent last May to less than $125. Still, the total revenue per available room (TrevPAR) jumped with over 12 per cent.
Tendencies in Dubai were also positive. The emirate’s average room rates increased with 8.5 per cent, hitting more than $280. The occupancy in the city’s hotels grew with 6.6 per cent and it reached nearly 84 per cent. In addition, the gross operating profit per available room marked a growth of 30.9 per cent amounting to a total of $192.73. Also the TrevPAR was estimated at almost $440 after a jump of 14.9 per cent.
According to the report, both Abu Dhabi and Dubai showed a strong and stable overall performance in May. The study concludes that hotel revenue per available room in Abu Dhabi has been registering an improvement over the last few months.
The hotel market in Dubai, on the other hand, was more influenced by the events that took place the emirate, as well as the increased leisure demand in the city.
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