Dubai hotels experiencing weaker summer than predicted
The Dubai Hotel market suffers as summer proves to be slower than predicted, compounded by changing travel trends and the Israel - Lebanon conflict.
"Dubai's hotel industry could be beginning to see the start of a slowdown with summer trade less buoyant than expected. According to hotel operators, analysts and estate agents, hotel occupancy rates are lower than anticipated and where they have remained high it is often because room rates have been slashed."
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Khaleej Times Online - Dubai hotel industry faces downturn with less than buoyant summer trade |
Post on the Dubai Expat Diariestags:
dubai,
hotels,
hospitality,
summer,
israel,
lebanon,
travel
Mariott reports 25 percent increase on profit
Mariott International Inc. reports a 25 percent increase in quarterly profits, spurred by strong demand and higher room rates.
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Marriott profit rises 25 pct on higher room rates | Reuters.comtags:
hospitality
Strongest Leg Of Industry Recovery Yet To Come, Says Analyst
According to Harry Curtis (JP Morgan Chase analyst), the industry has moved into the longest and strongest leg of the lodging up-cycle. Revenue and EBITDA outperformance could last three-five more years and stock outperformance could last another two-three years. JP Morgan Chase estimates higher than expected RevPAR growth of 9%, compared to other analysts' forecasts of 8%. Through 2007, the firm sees supply growth in most destinations of 1% or less, while room demand grows at 3-4%.
Sourcetags:
hospitality
Revenue Management 2006 - The Risk and Rewards
I know that you are out there – the ones who will address that nagging worry in the back of their mind after the holiday hoopla is over – can we really achieve that budget in 2006?
The answer is yes and no – there is no reward without risk. If ever there ever was a year with a little wiggle room for taking risks in your revenue management strategy, this is it. Your staff will be looking at you for your risk tolerance and they will follow your lead – what will it be?
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WiredHotelier.com - Industry News - Revenue Management 2006 - The Risk and Rewards | By Carol Verret or visit www.carolverret.com
tags:
revenue,
management
Dubai hotels record world's highest occuancy rate and revpar
Dubai's fast-expanding portfolio of hotels and hotel apartments have reported the highest occupancy rate in January-September 2005, competing and wresting the initiative from other reputed leisure and tourist destinations in the world.
Deloitte and Smith Travel Research have put Dubai on top with a 85.9 per cent hotel occupancy rate followed by New York with 82.7 per cent and Singapore at 80 per cent. Dubai hotels and hotel apartments have also been ranked the first in the world in terms of generating the highest revenue per available room (RevPar) between January and September 2005, followed by New York and Paris, according to Global Lodging Review, a publication of the Deloitte and Smith Travel Research.
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HOTELS magazine
Travel agents challenge 'zero commission' move - UAE
DUBAI — More than 180 travel and tour agents in the UAE, in a rare show of unity and resistance, voted to challenge the "zero per cent commission" move initiated by some airlines and declared that they are determined to maintain their present levels of remuneration.
The 'zero commission' policy, to be implemented from January 2006 by some foreign airlines, will effectively deprive travel and tour agents of their traditional income, the travel agents claim. The decision to resist the move was taken by the travel and tour agents at a general assembly meeting held in Abu Dhabi on Thursday.
Source / Original article: Khaleej Times - 18/12/2005
