Dubai’s four and five-star hotels registered a marginal increase in occupancy in August even as room rates continued a declining trend year to date.
Average occupancy increased by 0.6 percentage points compared to the same period last year to touch 75 per cent, according to Hotstats data.
Room rates fell by an average of 10.8 per cent year-on-year to US$196.49, pulling the revenue per available room down by 10.1 per cent to $147.45 for the month.
The average daily rate reduction in August reflects the ongoing trend of softer rates in Dubai, said Chris Hewett, an associate director at TRI Consulting, which compiles Hotstats data.
“This is due to the strengthening US dollar, which has resulted in Dubai hotels being more expensive,” he said. “As a result hoteliers have reduced rates in order to maintain occupancy levels.”
Occupancy levels have been fluctuating all year, however overall they have remained consistent with 2014 levels, he said.
In August, Dubai International Airport reported a record 7.2 million travellers, up 8.4 per cent from 6.64 million year-on-year.
In Cairo, the average hotel occupancy dipped by 4.4 percentage points year-on-year to touch 58.8 per cent. The average room rate increased 10.9 per cent to US$123.44.
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