November 2011 showed a strong growth of such important figures as ARR, RevPAR and GOPPAR. This has helped Dubai to achieve the leading position in the latest report by TRI Hospitality, which covers 6 main cities of the region.
During November the occupancy of hotels in Dubai reached 88.8%. ARR increased by 19% comparing to November 2010 and estimated US$265.48, and GOPPAR increased by 11.7% (US$201.81). It is reported that such growth is the result of leisure, corporate and MICE demand. Many tourists came to Dubai during Eid Al Adha holidays, which are the traditional time for shopping and entertainments.
The capital of the UAE, Abu Dhabi, gained more tourists thanks to the third edition of Yas Marina F1 Grand Prix. Comparing to November 2010, the occupancy of hotels in Abu Dhabi increased by 7.6% and reached 84.3%. However, the results for the whole 2011 are not so positive and it’s already clear they will be less impressive than the results of 2010. GOPPAR here estimated US$170.16, and RevPAR - US$179.01.
What about other popular tourist destinations of the region? Jeddah hotels saw their peak occupancy in November 2011 due to demand from Haji pilgrims. Here occupancy estimated 79.1%, and ARR - US$220.51. This is +1.1% and +8.3% respectively comparing to November 2010. For hotels in Riyadh this was respectively calm month. Occupancy stood still on the level of 52.2%, and ARR estimated US$258.77.