Wednesday, Feb 01, 2012
DUBAI (Zawya Dow Jones)--Dubai-based Jumeirah Group, a luxury hotel operator and subsidiary of Dubai Holding, said average occupancy levels at its Dubai-based hotels and resorts reached 90% over the recent festive season.
"During the festive period from 20 December to 10 January, Jumeirah's beachfront resorts, which include Madinat Jumeirah, Jumeirah Beach Hotel, Jumeirah Zabeel Saray, saw average occupancy surge to 90%. Revenue per available room (RevPAR), the hospitality industry standard for measuring hotel performance, stood at AED2,600 ($712)," Jumeirah Group said in an emailed statement Wednesday.
Burj Al Arab, one of Dubai's most well known landmarks, recorded average occupancy of 80.7% during the three-week period and RevPAR of AED7,284. The revenue measures is up 6% compared to the same period last year, Jumeirah added.
"The results reflect the continuing growth of Dubai as a holiday destination, the loyalty of visitors from traditional markets and a surge in interest from new areas, particularly Asia," the company said.
Jumeirah said the main source markets for its Dubai beach hotels continue to be the U.K., Russia, U.A.E., Germany and Saudi Arabia with significant growth also recorded in China, India, Russia and the C.I.S regions.
-By Tahani Karrar-Lewsley, Dow Jones Newswires, +9714 446 1698 tahani.karrar@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
01-02-12 0819GMT
