An Ernst & Young Middle East Hotel Benchmark Survey report has found that Dubai hotels achieved the highest occupancy, average room rate (ADR) and revenue per available room (RevPAR) across the MENA region during the first quarter of 2018.
The city’s occupancy reached 86.9 percent with an ADR of $293, which led to an overall RevPAR of $255 in Q1.
The report says occupancy increased 0.8 per cent due to international tourists visiting the Dubai Shopping Festival. The 23rd edition of shopping gala was able to create a favourable environment. Among the hotels in Dubai, sea side hotels demanded an average room rate of $559.
EY report also says that the hospitality market in Abu Dhabi also registered an increase in occupancy by 7.3 percent to 86.6 percent in Q1 but ADR decreased by 14.7 percent to $104, leading to a decrease in RevPAR by 6.9 percent to $90.
In the UAE, Ras Al Khaimah saw an increase in occupancy by 4.5 percent to 79.8 percent in Q1, a rise in ADR by 5.4 percent to $174 and a 11.6 percent jump in RevPAR.