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HotStats MENA Chain Hotels Market Review - Hotel profits in Dubai and Jeddah continue to fall

The combined effect of the falling Euro and stronger US Dollar continues to be the key challenge facing Dubai’s hotels, as average room rate (ARR) fell by 10.8% to US$271.64 during the month of May. Although occupancy levels remained strong at 83.8%, up 1.9 percentage points over the same period l[…]
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