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Luxury Hotel Rates Down 30% In Dubai

Aloke Dey, the manager of Sharaf Travel Holidays one of the largest tour operators in Dubai told a UAE mewspaper that room rates in the city's four and five star hotels had dropped by up to 30%. However, despite these cuts, he added, demand is still down 10% as compared to the same period in 2007.

Source: www.ameinfo.com


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