High demand from tourists from Russia provoked an increase in prices for hotels in Dubai.
Dubai, UAE. In January of this year, Dubai hotels showed the highest occupancy and financial results for the last 4 years, according to a study by STR. The increase in rental rates was triggered by an increase in demand from tourists from Russia, who traditionally prefer Dubai for winter holidays.
Despite the fact that the number of rooms in Dubai continues to grow, demand also increased in January by 5.5%, and revenue for the room (one of the main financial indicators in the hotel business) - increased by 1%, to 703.89 dirhams (US $ 192.8). It should be noted that growth in this indicator was recorded for the first time since 2014, the report said.
The Department of Tourism and Commercial Marketing of Dubai previously reported that the growth of tourist flow from Russia in 2017 amounted to 121%. The average hotel occupancy rate increased in January 2018 by 1.5% and reached 86.4%. The average cost of an overnight stay, at the same time, decreased by 0.6%, to dirham 814.5 (US $ 223.1). "The Russians showed a high demand for hotels in Dubai, primarily for beach", the report also said.
Last year, 15.79 million international tourists visited Dubai, the growth of tourist flow compared to 2016 was 6.2%. In particular, 530 thousand tourists arrived from Russia.
