Hotels

Hotel Rate Cuts Continue

New data shows that hotels continued to feel the impact of the economic slowdown last month.  Analysts say Dubai has been hit especially hard because more hotel rooms became available at the same time that demand became weak, forcing hotels to cut rates sharply.   Jones Lang LaSalle Hotel executive vice president for the Middle East and North Africa  said “Because of the drop in occupancy there has been a bit of a panic on board and there have been massive rate cuts and promotions going on and packages.”

STR Global data shows hotel occupancy rates in Dubai dropped from 75.8% in June 2008 to 64.6% this June, a 14.8% drop.  The average room rates fell from Dh786.85 last June to Dh610.44 this June.  This pushed Dubai’s revenue per available room (RevPar) down from Dh596.18 last June to Dh394.05 this year, a drop of more than one third.
 

More Hotels
Waldorf Astoria Ras Al Khaimah invites guests to savor international culinary delights
Eid brunch at Bahi Ajman Palace Hotel
Emaar to launch first Address Hotel in Makkah
Latest Travel News
Prizes and concerts to mark 10th year of...
Eid brunch at Bahi Ajman Palace Hotel...
Philippine Airlines re-launches business...
Featured Sights To See
Everard Read Gallery

Everard Read Gallery

Johannesburg, South Africa

The Everard Read Gallery established almost 100 years ago is among the largest private art galleries in the world and is home to contemporary art works from several South African and international artists and specializes in wildlife paintings and sculpture.   Address: 6 Jellicoe Avenue, Rosebank Telephone: +27 (0)11 788 4805 Website: http://www.everardread.co.za/ Opening hours: Mo...

Tokyo National Museum

Tokyo National Museum

Tokyo, Japan

Tokyo National Museum is a grand museum and is well worth a visit. It showcases the marvelous history and culture of Japan. The pieces on display are stunning, some archaic all allowing visitors to appreciate the richness of Japanese heritage. The museum comprises the Japanese gallery which contains Japanese arts and crafts; Samurai swords and armory, ceramics, Buddhist sculptures, textiles and ca...

Seven Elders of Israel Amphitheatre

Seven Elders of Israel Amphitheatre

Sharm el Sheikh, Egypt

This landmark is worth a visit. It’s located half way in between the tip and foot of Mount Sinai. It’s considered as one of the very famous religious monuments. There are no specific timings to visit the place. A small fee is charged for the visit....

The Bahrain Fort

The Bahrain Fort

Bahrain, Bahrain

The Qala'at al-Bahrain (Bahrain Fort) is on the northern shore, five minutes from Manama city. The Portuguese constructed the fort in the 16th century, after which it fell into disrepair. However it has now been superbly restored to its former grandeur. Next door to the fort is an unmarked building that is the museum housing numerous artifacts from the ancient Dilmun period through to the Islamic ...