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Dubai and Abu Dhabi Hotel Industries among Top Global Performers
DUBAI — Hotels in Dubai, Abu Dhabi and other cities in the Middle East region are among the leading performers in the global hotel industry, said professional services firm Deloitte Touche Tohmatsu.
In its recent report on global hotel performance, Deloitte said on Tuesday that the two emirates ranked second and fourth respectively, on the top 20 cities with the highest revenue per available room (revPAR), with Doha (8th), Muscat (10th), Riyadh (11th) and Manama (17th). Moscow was number one.
Dubai and Abu Dhabi were also among the six cities which secured places in the two other ranking tables (occupancy and average room rate), along with New York, London, Paris and Tel Aviv.
The World Tourism Organisation said a record 924 million tourist arrivals worldwide was set last year.
Though the global tourism industry suffered a slowdown in 2008 — particularly in the final quarter — many cities still achieved strong hotel and hospitality performance.
“The global economy hit turbulent times in 2008, and as expected the tourism sector has been impacted by the economic slowdown around the world,” said Marvin Rust, Managing Partner for Hospitality of Deloitte.
“The sharp slowdown in global economic activity has brought numerous commodity prices down from their lofty highs and business and consumer expectations shift to lower future prices of a wide range of consumables including hotel nights,” he added.
Dubai continued to achieve the highest average room rates and revPAR in the Middle East at $300 and $237 respectively, placing the emirate third on the former.
Abu Dhabi’s revPAR soared by over 46 per cent last year, and its numerous hotel projects is expected to cope up with the rising demand for rooms in the UAE capital.
Doha is investing $17 billion in tourism over the next five years, while Muscat gained a 31 per cent increase in revPAR.
Riyadh and the rest of Saudi Arabia is keen on reducing its dependency on oil and diverting into tourism, just like many countries in the region. The kingdom plans to drive tourism revenue up to $19 billion by next year.
European cities accounted for seven slots in the revPAR table, despite the industry slowing down towards the end of 2008.
“It is important for countries to invest in tourism infrastructure developments, including airport expansions and hotel developments once credit becomes available again,” said Alex Kyriakidis, Global Managing Partner of Tourism, Hospitality and Leisure of Deloitte.
“This is needed for the industries’ long-term growth and sustainability,” he concluded.
top world cities
ranked by revpar 2008
City | revPAR | % change
to 2007 |
Moscow | 250 | 10.5% |
Dubai | 237 | 1.0% |
Geneva | 231 | 19.1% |
Abu Dhabi | 231 | 46.3% |
New York | 226 | 0.5% |
Paris | 208 | 10.2% |
New Delhi | 197 | -1.3% |
Doha | 197 | 25.2% |
London | 183 | 20.3% |
Muscat | 176 | 31.1% |
Riyadh | 174 | 24.9% |
Venice | 174 | -10.4% |
Zurich | 170 | 16.4% |
Singapore | 164 | 14.2% |
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