DUBAI, United Arab Emirates – Average room rates (ARR) of Dubai’s four-and five-star hotels continued to slide in September, reports eTN news.
According to a new survey by research firm HotStats, the weakening of ARR to $207.55 (Dh761.71) and a slightly lower occupancy of 76.6 percent for the month resulted in a decrease in revenue per available room (RevPAR — an industry measure of rates and occupancies) to $159.02.
Involvement of GCC countries in Yemen war is going overall negative trend to tourism in GCC countries.
The lower RevPAR was compounded by significantly lower food and beverage revenues, which plummeted by 19 per cent in September from a year ago. This weakened total revenue per available room (TRevPAR) by 8 percent to $282.55.
A slight increase in operating expenses compounded the weaker overall revenues, which caused gross operating profit per available room (GOPPAR) to drop by 8.7 percent to $84.66.