DUBAI, United Arab Emirates – Average room rates (ARR) of Dubai’s four-and five-star hotels continued to slide in September, reports eTN news.
According to a new survey by research firm HotStats, the weakening of ARR to $207.55 (Dh761.71) and a slightly lower occupancy of 76.6 percent for the month resulted in a decrease in revenue per available room (RevPAR — an industry measure of rates and occupancies) to $159.02.
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The lower RevPAR was compounded by significantly lower food and beverage revenues, which plummeted by 19 per cent in September from a year ago. This weakened total revenue per available room (TRevPAR) by 8 percent to $282.55.
A slight increase in operating expenses compounded the weaker overall revenues, which caused gross operating profit per available room (GOPPAR) to drop by 8.7 percent to $84.66.
