Dubai - "Supply is up by 6.2 per cent for the city, whilst overall demand has grown only by 2.5 per cent."
Published: Tue 18 Aug 2015, 12:00 AM
Updated: Tue 18 Aug 2015, 5:20 PM
The JW Marriott Marquis Dubai has posted its 2015 half year sales results, which reveal that the UAE's largest five-star hotel has continued to go from strength to strength throughout 2015 despite challenging global conditions.
Bill Keffer, general manager of the JW Marriott Marquis Dubai noted that the results were a significant achievement considering the increase in supply of new luxury hotels regionally. The hotel experienced an inventory increase of 51 per cent during the period, while occupancies across its 1,608 rooms remained in excess of 80 per cent leading into Ramadan. The hotel also achieved 100 per cent occupancy on more than 30 occasions since its second tower was officially opened in October 2014.
"Supply is up by 6.2 per cent for the city, whilst overall demand has grown only by 2.5 per cent. This is stark in contrast to JW Marriott Marquis, which has witnessed an increase in demand of more than 40 per cent. As a result, the JW Marriott Marquis Dubai has continued to drive room revenues by 21 per cent. These positive figures further cement our position as a market leader in the region, as we continue to set the precedent for hospitality industry standards both in the Middle East and internationally," Keffer said.
- rohma@khaleejtimes.com
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