Hotel rooms in Abu Dhabi and Dubai were considerably more profitable in July 2015 compared in the similar period last year.
Report revealed that Hoteliers in Abu Dhabi gained on average $11.40 gross operating income each available room in July 2015 compared to losing $12.45 a room in July 14. While in Dubai, a room earned hoteliers an average of $36.52, significantly more than the $0.07 gained in July 2014.
The revenue development at hotels in the UAE, two largest emirates was supported by double digit rises in profit development. Profit each available room in Abu Dhabi was up 27.2% to $73.01 compared to $57.39 last year. Whereas in Dubai, profits intensified 18.3% to $120.88 from $102.15.
One aspect for the significant turnover and proceeds progress is expected to be the timing of the holy month of Ramadan, which finished 10 days earlier in July this year than in 2014.
Tenure across Abu Dhabi hotels in July this year was 60.8% compared to 50.3% in July 2014. Dubai also saw a 10 percentage point increase in occupancy when comparing July 2014 to July 2015, increasing from 50.3 % to 60.2%.
The average rate of a room in Abu Dhabi amplified from $114.12 to $120.05. In Dubai, room rates were flat at $200.77. Total profits each available room, which contains subsidiary sales, was up in both Abu Dhabi and Dubai regardless of a drop in food and beverage sales. Meanwhile, in Abu Dhabi was $163.60, up from $136.46 and 1n Dubai it was $235.05, increased from $214.50.
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