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Dubai Hotels Record World's Highest Occupancy Rate & RevPar


Reprinted from Middle East Company News Wire
December 26, 2005

Dubai's fast-expanding portfolio of hotels and hotel apartments (also known as condo hotels) have reported the highest occupancy rate in January-September 2005, competing and wresting the initiative from other reputed leisure and tourist destinations in the world.

Deloitte and Smith Travel Research have put Dubai on top with a 85.9 per cent hotel occupancy rate followed by New York with 82.7 per cent and Singapore at 80 per cent.

Dubai hotels and hotel apartments have also been ranked the first in the world in terms of generating the highest revenue per available room (RevPar) between January and September 2005, followed by New York and Paris, according to Global Lodging Review, a publication of the Deloitte and Smith Travel Research.

The premium travel research publication highlighted that Dubai hotels' RevPar (which provides a measure of the revenue generated by each available hotel room during the year) is the highest at US $175.47 while New York comes second with US $163.32 and Paris third with US $169.53. There has been a significant 42.3 per cent increase from the RevPar generated by Dubai's hotels in 2004 (year-to-date statistics).

The DTCM Director General, Mr. Khalid A bin Sulayem, said: "The excellent figures recorded by Dubai hotel and hotel apartments during January-September 2005 is a reflection of DTCM's aggressive promotional campaign to position Dubai as the world's leading tourism and retail hub.

It is also the fruit of an inspirational public-private sector partnership and government's unwavering determination to be a model business and leisure destination."

Another favorable record between January-September 2005 is Dubai's average daily room rate (ADR) which at US $204.24 comes second only to Paris at US $230.77 while New York is positioned third with an average room rate of US $197.47.

Dubai's hotels have shown a 42.8 per cent increase in average hotel daily room rates between September 2004 and September 2005 (year-to-date statistics).

The DTCM Director Operations and Marketing, Mr. Mohammed Khamis bin Hareb, said: "Dubai's positioning as the leading leisure destination in the world, is a big boost for us and we are looking at improving performance in the future."

Dubai has an impressive number of 383 hotels and hotel apartments with a total room capacity of 35,396, an increase of 5.9 per cent from 2004.

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