Dubai hotels have highest revenue, occupancy rates in MENA region
EY report shows Dubai's hotels excelling across all KPIs
Dubai hotels had the highest occupancy levels in the Middle East and North Africa region in April, according to a new EY report.
The hotel benchmark report provides a monthly performance overview of leading hotels in the Middle East.
In Q1 2017, all MENA markets with the exception of Cairo, Beirut and Kuwait witnessed a decline in room yield compared to Q1 2016. Dubai overall hotels maintained the highest MENA occupancy in the first quarter of the year at 86.8%.
The report added that "Dubai city hotels continued to lead in terms of the highest occupancy in the region, recording 88.6% occupancy in March 2017. However, average daily rates (ADR) in Dubai dropped by 8.4% from US$309 in March 2016 to US$283 in March, coupled by a slight decline in occupancy by 1.5% when compared to the same time last year, leading to a decline from US$272 in March 2016 to US$245 in March 2017."