ASIA Travel

RevPAR Premium Declines for Dubai’s Beach Hotels

Search ASIA Travel Tips .com Latest Travel News Send to Friend Monday, 4 May 2009

Data from STR Global, a leading provider of market information to the global hotel industry, illustrates the difference in performance of Dubai’s hotels in the Jumeirah beach area and those in the rest of the city.

Dubai has suffered dramatically compared to the overall Middle East region as a result of the recent economic crisis. The year-on-year percentage change in revenue per available room (RevPAR) through March 2009 declined 35.9% in Dubai, driven mainly by falls in average daily rate (ADR); RevPAR decline for the entire region was only 13%.

The sample of hotels in the Jumeirah beach area comprises 22 resort-orientated properties representing 7,400 guestrooms mainly in the luxury and upper upscale categories.

 By contrast, there are 82 hotels and more than 18,400 guestrooms in the rest of Dubai, the majority of which are in the upscale segment.

 Both areas of the city matched each other in terms of RevPAR year-on-year percentage change since 2004. The greater volatility in the RevPAR change for the rest of Dubai was driven mainly by changes in ADR. However, the peak in RevPAR in early 2004 was due to comparative improvements in occupancy compared to the previous year when the Second Gulf War began.

There has always been a significant difference between the actual RevPAR for the resort properties and those in the rest of Dubai - a difference that peaked at almost AED1,300 as recently as March 2008. The higher category resort-based properties are able to charge a premium for their beach access and sea-views.

“The hotels in the Jumeirah beach area have a strong sense of their unique positioning and have largely avoided discounting,” said James Chappell, managing director of STR Global, of the inequality. “However, a rationalization of the market is taking place, and this differential has fallen dramatically and is now around AED500, a difference last seen in 2004.”

See other recent news regarding: Airlines, Aviation, Flights, First Class, Business Class, GDS, Miles, Hotels, Promotions, New Hotels, Visitor Arrivals, Cruises, Free Deals, STR, Jumeirah, Dubai, March 2009

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address above, or return to the Latest Travel News Asia main page to see all the latest headlines. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
Exclusive HD video interview with Mr. Hiroshi Sawabe, Executive Director of the Office of International Tourism, at JATA (Japan Association of Travel Agents). In this interview filmed on 24 September at the JATA Tourism Expo 2016 in Tokyo, Japan, Mr. Sawabe speaks to Steven Howard of TravelNewsAsia about the status of tourism within the country. HD Videos from Sabre's Travel Technology Exchange APAC 2016. Sabre, a leading technology provider to the global travel industry, hosted over 500 members of the Asia Pacific travel industry at its inaugural Asia Pacific Travel Technology Exchange (TTX) conference in Beijing from 21 to 24 September 2016 Criteo Travel Flash Report 2016. Exclusive HD video interview with Mr. Daniele Beccari, Global Head of Travel at Criteo.
Japan Tourism Update Sabre TTX APAC 2016 Criteo Travel Flash Report
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Latest Travel News
Copyright © 1997-2016