Sunday, August 2, 2009

Dubai hotels see biggest losses in the region

Dubai hotels saw the biggest falls in revenue in the region in the first half of 2009, according to a survey of key Middle East cities published on Tuesday.Hotels in 22 cities in the region witnessed an average 10.9 percent decrease in occupancies and a 17.2 percent drop in revenue per available room (RevPAR), an industry benchmark, said a report by US hospitality research firm STR Global and Deloitte & Touche Middle East.

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