Hotels in Dubai reported the highest profit levels in the region in 2013 for the fourth consecutive year, and ended the year with occupancy above 80 per cent as rates surged, according to the latest HotStats survey of full service four and five star hotels in five Mena markets by TRI Hospitality Consulting Middle East.
Dubai’s hospitality market has rapidly absorbed this influx of new supply and continued to perform exceptionally well, as RevPAR has only declined by 0.3 per cent, according to Ernst & Young’s Middle East Hotel Benchmark survey.
Hotels in Dubai recorded the biggest increase in average daily rate, or ADR, in the Middle East/Africa region in November to underscore the emirate’s position as the fastest growing hospitality hub of the region.
Pullman Dubai Deira City Centre celebrates its official 5 Star rating as announced by The Department of Tourism and Commerce Marketing (DTCM).
Construction of the Water Discus Hotel will start this year in Gdynia, Poland, with Dubai and the Maldives showing interest in purchasing of the prototype, according to information published by a Polish government agency.
The 432-metre high, Marina 101, in Dubai Marina, billed as the world’s tallest serviced hotel apartment building, will be completed before end of 2013, according to its developer.