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06. Januar 2012 
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Dubai hotels see solid growth in room rates and profits
Dubai hotels reported strong growth in Average Room Rate (ARR) during the month of November 2011 resulting in a knock-on effect on the Revenue per Available Room (RevPAR) and Gross Operating Profit per Available Room (GOPPAR) levels for the month, according to the latest HotStats survey of full-service hotels in six regional cities by TRI Hospitality Consulting.
Occupancy levels in Dubai remained strong during the month at 88.8% while ARR surged to US$265.48, up by 19% over the same period last year, giving a boost to the GOPPAR which increased by 11.7% to US$ 201.81 for the month. Consequently, Dubai led the six cities surveyed by HotStats in terms of ARR, RevPAR and GOPPAR during the month of November and maintained the lead in terms of year-to-date occupancy (81.5%) and TRevPAR (US$296.84).
The spike in ARR was primarily driven by a convergence of strong leisure, MICE and corporate demand during the month. Hotels in the city benefited from the upswing in leisure demand during the Eid Al Adha holidays which attract a significant number of GCC families travelling to Dubai for shopping and entertainment. Dubai also hosted a number of large exhibitions and events in November such as the Big Five Exhibition, Dubai International Motor Show and Dubai Airshow, amongst others.
“The continued strong recovery in occupancy, rate and operating profit levels show why Dubai is still one of the prime destinations for hotel operators and investors. While everyone agree that hotels in UAE have benefited from the Arab Spring, industry reports also show that there has been a general improvement in corporate activity in the recent months which we believe has contributed to the overall performance”, commented Peter Goddard, managing director, TRI Hospitality Consulting.
In the UAE capital Abu Dhabi, the third edition of the Yas Marina F1 Grand Prix helped occupancy for the month reach the peak at 84.3%, closing 7.6 percentage points above the same period in 2010. However with the exception of occupancy, both monthly and year-to-date performances of Abu Dhabi hotels have remained substantially below the previous year’s performance across all metrics, with a notable drop in the ARR. Hotels in Abu Dhabi reported a RevPAR of US$179.01 and GOPPAR of US$170.16 for the month.
“Abu Dhabi has seen solid growth in hotel demand this year, particularly in the second half of the year. The year-to-date tourism statistics from Abu Dhabi Tourism Authority (ADTA) show that the number of hotel guests increased by 16% during the first 11 months of year to an estimated 1,903,888 guests while guest nights rose by 23%. This has helped tremendously in the recovery of demand for Abu Dhabi hotels in the recent months which otherwise had a relatively difficult year, with average rates dropping by 19% compared to the 11-month period in 2010”, said Goddard.
Jeddah witness peak demand and surge in profits during Hajj
Jeddah and Riyadh posted occupancy, RevPAR and GOPPAR growth while Cairo and Sharm El Sheikh continued to struggle during the month of November 2011, according to the latest HotStats survey by TRI Hospitality Consulting.
Occupancy levels in Dubai remained strong during the month at 88.8% while ARR surged to US$265.48, up by 19% over the same period last year, giving a boost to the GOPPAR which increased by 11.7% to US$ 201.81 for the month. Consequently, Dubai led the six cities surveyed by HotStats in terms of ARR, RevPAR and GOPPAR during the month of November and maintained the lead in terms of year-to-date occupancy (81.5%) and TRevPAR (US$296.84).
The spike in ARR was primarily driven by a convergence of strong leisure, MICE and corporate demand during the month. Hotels in the city benefited from the upswing in leisure demand during the Eid Al Adha holidays which attract a significant number of GCC families travelling to Dubai for shopping and entertainment. Dubai also hosted a number of large exhibitions and events in November such as the Big Five Exhibition, Dubai International Motor Show and Dubai Airshow, amongst others.
“The continued strong recovery in occupancy, rate and operating profit levels show why Dubai is still one of the prime destinations for hotel operators and investors. While everyone agree that hotels in UAE have benefited from the Arab Spring, industry reports also show that there has been a general improvement in corporate activity in the recent months which we believe has contributed to the overall performance”, commented Peter Goddard, managing director, TRI Hospitality Consulting.
In the UAE capital Abu Dhabi, the third edition of the Yas Marina F1 Grand Prix helped occupancy for the month reach the peak at 84.3%, closing 7.6 percentage points above the same period in 2010. However with the exception of occupancy, both monthly and year-to-date performances of Abu Dhabi hotels have remained substantially below the previous year’s performance across all metrics, with a notable drop in the ARR. Hotels in Abu Dhabi reported a RevPAR of US$179.01 and GOPPAR of US$170.16 for the month.
“Abu Dhabi has seen solid growth in hotel demand this year, particularly in the second half of the year. The year-to-date tourism statistics from Abu Dhabi Tourism Authority (ADTA) show that the number of hotel guests increased by 16% during the first 11 months of year to an estimated 1,903,888 guests while guest nights rose by 23%. This has helped tremendously in the recovery of demand for Abu Dhabi hotels in the recent months which otherwise had a relatively difficult year, with average rates dropping by 19% compared to the 11-month period in 2010”, said Goddard.
Jeddah witness peak demand and surge in profits during Hajj
Jeddah and Riyadh posted occupancy, RevPAR and GOPPAR growth while Cairo and Sharm El Sheikh continued to struggle during the month of November 2011, according to the latest HotStats survey by TRI Hospitality Consulting.
