RevPAR slums slump to lowest level in decade at Dubai hotels
Revenue per available room (RevPAR) figures for Dubai hotels have slumped to their lowest level in a decade, according to a new report. JLL’s Q3 2017 Dubai Real Estate Market Overview report said that RevPAR for the first eight months of 2017 has fallen to AED503 (US $136.9). The pressure on rates and revenue comes as a further 1,800 keys were added to the market in the third quarter of the year, bringing the total stock of quality hotel rooms in Dubai to almost 82,200. A pot