This year is likely to see properties in Dubai return to pre-GFC levels with an expected five to ten percent increase in room rates.
According to market experts, the increase this year is driven by growing demand into the region and occupancy in city hotels are predicted to “skyrocket” particularly around Arab Spring, Gulf News reported.
"A majority of hotels are running at occupancy levels comparable to 2008 albeit at lower average daily rates," TRI Hospitality Consulting managing director Peter Goddard said.
While MICE is generally the major market for the region, the Dubai Shopping Festival and hosting world class sporting events this year is likely to boost its leisure market as well as draw in travellers who may have chosen to visit Egypt or North America pre-political unrest last year.
Source = e-Travel Blackboard: N.J