Hotels on the Palm Jumeirah are set to welcome the highest daily room rates in the Middle East and north Africa region this year according to new research.
Data from Colliers International suggests properties on the world-famous man-made island in Dubai can expect to see average daily rates of US$400 over the year.
For perspective, this is far higher than Jeddah, the next highest, which is expected to see average daily rates of US$276.
Palm-based hotels are also forecast to see occupancy of 80 per cent during 2019, while revenue per available room is expected to average $320.
The RevPAR figure is, however, down five per cent compared to 2018, the Colliers data revealed.
Earlier this week, Dubai said visitor numbers increased by two per cent in the first quarter of this year, following a series of successful marketing campaigns and initiatives.
In total the emirate welcomed 4.75 million international overnight visitors in the first three months of 2019.
Published at Sat, 11 May 2019 14:06:48 +0000