Hotels

Hotel Rates Driven To Dangerous Levels

A hotel industry executive says hotel rates in Dubai have dropped to dangerous levels and will probably drop further.  Industry experts explain rates have come under severe pressure because of declining business travel and ongoing new supply entering the market.  Data from STR Global and Deloitte Travel and Hospitality showed that hotel occupancy levels in the Middle East fell 9.6% in April 2009 compared to the same month last year.  Revenue per available room (RevPar) fell 14.9%

Chief Executive Officer of Ishraq Gulf Real Estate (Holding) said year to date the situation is “not too bad” and the market is averaging 70% throughout Dubai, which is positive. However, Sami Al Ansari said “There is huge pressure on room rents, which is driving rates to very dangerous levels.” He said the bottom has not been reached because summer has just started.
 

More Hotels
Emirates Palace Abu Dhabi to celebrate Mexican National Day with Mexican food fiesta
Looking for an adventure - go to Iraq for Eid
* Hotel Metropole Geneva
Latest Travel News
flydubai will fly to Tashkent from 11 Ma...
ATM Dubai to launch Holiday Shopper on 2...
Agoda partners with Saudi Ministry of ...
Featured Sights To See
Westminster Palace (Houses of Parliament)

Westminster Palace (Houses of Parliament)

London, United Kingdom

Like Westminster Abbey, Westminster Palace (or the Palace of Westminster) dates to the Anglo-Saxon period and the reign of Edward the Confessor.   Around 1050, he built the original palace.  In the century following the subsequent Norman Conquest, English governmental institutions began to move from the old Anglo-Saxon capital of Winchester to Westminster.  In 1310, under Henry III, the administra...

Tishreen Sports Complex

Tishreen Sports Complex

Damascus, Syria

Tourists can take their children to swim in the Olympic Pool at this sports complex. Timings: Daily 6 A.M- 8 P.M Admission: 50 SYP (Single entry) Address: Sharia Ali ibn Abi Taleb, Southwest of Baramke Terminal Tel: none  ...

Hungarian National Museum

Hungarian National Museum

Budapest, Hungary

Built in 1847, this museum has the most important and comprehensive collection of Hungarian artefacts and relics. Starting from the history of the Carpathian Basin, you move through the Magyar tribes’ exhibit and follow the shaping of Hungary from the conquest of the Basin to the end of communism. In the basement, artefacts from Roman and medieval times are displayed and in other rooms you can fin...

National Museum

National Museum

Maldives, Maldives

One of the most exciting tourist attractions in the Maldives is the National Museum. It was opened for the general public on November 19 1952 (1st Rabeeul Awwal), which is also the Maldives National Day. It was inaugurated by the Prime Minister at that time, Ameer Mohamed Amin Didi. The museum was set up to preserve the history of Maldives and  large collection of historical objects are on exhibit...