Analysis by Deloitte Touche Tohmatsu shows that for the first six months of the year the global hotel market got off to a good start, driven by strong average room rate growth. 'Most regions have seen strong growth for the first six months of 2008,' said Alex Kyriakidis, Global Managing Partner of Tourism, Hospitality and Leisure at Deloitte's.
Revenue per available room (RevPar) growth continues in Dubai up 9.6% to $274. Dubai also achieved the highest occupancy and average room rates of any city in the Middle East at 85.3 percent and $321 respectively.
Commenting on the results, Alex Kyriakidis said: 'The Middle East looks set for a fifth consecutive year of growth.'
Dubai Investment Property