Rotana Hotels RevPar Fall More Than 15%
Abu Dhabi based Rotana Hotels revenue per available room (RevPar) in the UAE fell between 15% and 20% for the first three months of this year, compared to the same period last year. However, senior executives said the company will move forward with expansions plans.
Rotana’s chief executive said the global slowdown has affected the UAE, and the slowing demand and increased supply will continue to affect rates this summer. Mr. el Zyr said the UAE is better positioned for recovery because the Abu Dhabi Tourism Authority, TDIC, and Dubai Tourism Board are doing a lot to promote the country, and operators benefit.
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