Dubai hotel revenues decline over Eid weekend.
Dubai hotels saw year-on-year declines in occupancy (-3.9 per cent), average daily rate (ADR) (-6.5 per cent) and RevPAR (-10.2 per cent), during the Eid Al Adha, the three-day celebration which fell on a weekend in 2014 versus on weekdays in 2013, a report said.
The average RevPAR across the three days was Dh911.40 ($248) in 2014 and Dh1,014.60 ($276) in 2013. When comparing the holiday periods (six days in 2013 and four days in 2014), 2014 saw occupancy and ADR decline by 1.3 per cent and 6.0 per cent, respectively, added the recent report released by STR Global, a leading source of global hotel data.
Makkah hotels were able to achieve revenue per available room (RevPAR) of nearly SR2,000 ($533) during the Islamic pilgrimage Hajj this year, maintaining the high levels during this period, similar to last year.
In Madinah, hotels saw RevPAR increases beyond SR1,100 ($293) for three consecutive days.
Meanwhile, in Muscat, Oman, occupancy rose during the 10-day period of Eid Al Adha, peaking at 81.0 per cent. Total RevPAR experienced a year-over-year decline of 2.5 per cent, also resulting from the difference in days when Eid occurred.
Despite occupancy and RevPAR declines when compared to 2013 levels, ADR saw a slight increase of 3.2 per cent during the three days of Eid; averaging at RO112 ($290), said the STR report.
Occupancy, which began at its lowest point of 47.2 per cent on October 2(Thursday), reached its peak of 72.7 per cent two days later on October 4 (Saturday). - TradeArabia News Service
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