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Dubai Occupancy Rate Rise in June but not July

14/07/2014 0 17 views

Dubai – “ASWAQ”

Dubai hospitality sector has started to revive, with the occupancy rate reported almost 70% during June. However, analysts expect this rate to go much lower during July amid the start of the holy month of Ramadan.

During last May, hotels in Dubai had also reported an 86% occupancy rate. Dubai room rates has also increased by 8.5% during the same month, resulting in additional earnings.

The closure of one of Dubai International Airport runways is also expected to continue affecting activities in Dubai until the end of July, as explained by Olivier Hick, Vice President of Operations at Accor. This was also carried forward by Rashid Aboobacker, a senior consultant with TRI Hospitality Consulting. Nevertheless, Hick expects occupancy rates to make a comeback in early August, touching 70%.

Hotels in the emirate are now biding on Iftar and Suhour meal to counter these expected lower occupancy rates. According to the Dubai-based consultancy HotStats MENA, during last Ramadan occupancy rates dropped to 54.5%.

EnadTannous, General Manager of AmwajRotana, Jumeirah Beach Residence in Dubai, said that bookings for corporate groups Iftar is already promising with almost 10% increase for this Ramadan compared with last year. Even though, the hotel’s list price has increased from AED 140.00 last year to AED 180.00 this year for Iftar buffets.

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