Sunday, Apr 29, 2012
DUBAI (Zawya Dow Jones)--Dubai-based Jumeirah Group, a luxury hotel operator and subsidiary of Dubai Holding, said Sunday its beach-front resorts recorded 84.4% average occupancy in the first four months of 2012, signalling continued recovery in Dubai's leisure market.
Revenue per available room (RevPAR), the hospitality industry standard for measuring hotel performance, grew 18.7% in the January-to-April period, the company said in an emailed statement.
City hotels meanwhile saw an increased average occupancy of 85.5% in the first four months and RevPAR grew 8.4%, the company added.
"I am very pleased to see that the recovery in the Dubai leisure market that we experienced in the second half of 2011 has been sustained and further developed in the first quarter of 2012," Jumeirah Group Executive Chairman Gerald Lawless said.
In February the company reported average occupancy levels at its Dubai-based hotels and resorts reached 90% over the festive season from December 20 to January 10. Beachfront resorts, which include Madinat Jumeirah, Jumeirah Beach Hotel, Jumeirah Zabeel Saray, saw RevPAR at AED2,600 ($712).
Jumeirah, which currently operates 20 luxury hotels and residences across 10 global destinations, said it will continue its international expansion with a pipeline of 16 hotels under development. The next openings are scheduled to be in Baku, Dubai and Kuwait.
-By Tahani Karrar-Lewsley, Dow Jones Newswires; +9714 446-1692; Tahani.Karrar@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
29-04-12 1135GMT
