International events help boost Dubai hotels’ profits
RIYADH: Hotels in Dubai are raking in huge profits due to high-profile international events taking place in the emirate.
Expo 2020 and T20 Cricket World Cup boosted Dubai hotels’ gross operating profit per available room to SR668 ($178), while the total revenue per available room of hotels amounted to $316 in October, according to an industry report cited by Khaleej Times.
“The average occupancy rate across the UAE in October registered at 78.8 per cent, the highest level recorded since October 2015. As of October 2021, Dubai recorded the highest occupancy rate of 80.7 per cent.” the report said.
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