With an average rate of $290 per night, Dubai hotels ranked highest globally in terms of average room rate for August, according to a report by STR Global, the agency monitoring hotel performance trends worldwide. Dubai was followed by Paris at $280 and New York at $261. Dubai hotels achieved 81.6% occupancy levels in August, the report added. This was a particularly welcome revelation, given the current bleak financial environment.
According to the STR Global report, Dubai also ranked first in terms of average revenues per room, which rested at $237, followed by Paris at $217, New York at $216, London at $185, and Rome in the fifth position at $154.
Source: Emirates Business 24/7
