Hotels in Dubai reported growth in revenues and profits while Abu Dhabi continue to experience a decline in rates and profits in April, according to the latest HotStats survey by TRI Hospitality Consulting. Revenue per available room (RevPAR) in Dubai increased 9.4 percent to $311.12 in April, the highest level in three years, driven by a 8.6 percent growth in average room rRate (ARR) to $359.51 and a 0.6 percent rise in occupancy. In terms of gross profits, Dubai saw a growth of 7.2 percent in GOPPAR to $265.84, significantly higher than the other GCC cities surveyed by HotStats. TRI Consulting said that hotels in Dubai benefited from "consistently strong corporate and leisure demand" along with a series of regional and global events held in the city during the month. Peter Goddard, managing director of TRI Hospitality Consulting, said: "Dubai witnessed strong leisure demand in April due to the regional school holidays occurring within the first week of the month, boosting ARR and TRevPAR performances.
