Drop in RevPAR expected this year
Published by Irhal
May 20 - There may be a drop in hotel rates this year as almost 200,000 will be ready soon, said Khalid bin Sulayem, Director-General of the Dubai Tourism and Commerce Marketing (DTCM) at The Hotel Show that began on Tuesday in Dubai. "There are between 16,000 and 20,000 hotel rooms ready to enter the Dubai market by the end of the year, which will contribute to producing lower room rates and attracting more…
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