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The first quarter of 2012 saw Dubai hotels performing better than the corresponding period last year as room yields and occupancy jumped, benefitting from the Arab Spring, according to the latest hotel benchmark report by Ernst & Young (E&Y). While RevPAR (revenue per available room — an industry benchmark for performance) improved nine per cent to $242 (Dh888.87) over the first quarter last year, average room rates (ARR) also jumped 6.2 per cent to $274 compared to $258 last year.
Luxury European hotel operator the Oetker Collection has announced plans to expand its portfolio of hotels into the Middle East and North Africa. The Germany-based company said it will open its first hotel in the region in Morocco in March 2012, and begin construction on a property in Abu Dhabi in four months.
In an effort to enhance safety and security at the Dubai international airports, the Dubai Police and Dubai Airports signed a memorandum of understanding and cooperation agreement on Sunday. Shaikh Ahmed bin Saeed Al Maktoum signed the agreement
Mövenpick Hotels and Resorts will be out in force at Arabian Travel Market 2011 (ATM) between May 2-5 - promoting its current 13 developments in the Middle East and global expansion, which is concentrated on Asia. The rapidly expanding chain has four more properties coming up in Dubai - Mövenpick Hotel & Residence Jumeirah Lake Towers
Regional turmoil is creating an unexpected boom for Dubai as tourists and businessmen flock once again to the shopping and skyscraper oasis after fleeing just a few years ago in the wake of its spectacular debt debacle. Visitor numbers are noticeably higher in Dubai's gleaming malls and restaurants, and hotels are ecstatic as rooms fill up and deals are done.
Some 8.6 million hotel guests stayed in Dubai in 2010, an increase of ten per cent compared to the previous 12 months, official figures from the Department of Tourism and Commerce Marketing (DTCM) have revealed. The organisation also said that revenue collected through tourism in Dubai has climbed to Dh 13.2 billion last year compared to Dh 12.4 billion in 2009.
Dubai will need to attract an additional 2.5 million tourists annually to absorb an estimated 60 percent increase in hotel rooms over the next five years, Deloitte LLP said. Dubai, which has around 50,000 rooms, may struggle to maintain occupancy and rates as a further 30,000 rooms are likely to be added, said Alex Kyriakidis, the New York-based consulting company’s global managing director of Tourism, Hospitality & Leisure.
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