According to a report by MKG Hospitality, hotel rates in the UAE fell by 15.5% at the end of last year, UK-based newspaper The Independent has reported. Dubai led the decline where revenue per room available dropped by as much as 27.5%. Abu Dhabi, however, has seen hotel income fall by only 4%, as it was boosted by its proactive approach to hotel development, the report said. Other countries in the region such as Saudi Arabia, Bahrain, Oman and Qatar, had all posted double-digit percentage falls in revenue. Kuwait, however, ended the year on a high, experiencing an upswing towards the end of the year. Lebanon too showed a strong 2009, boosted by the resumption of tourism to the area. |
