peak hotel rates unlikely to return
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Peak hotel rates unlikely to return

Arab Today, arab today

Arab Today, arab today Peak hotel rates unlikely to return

Dubai - Arabstoday

The peak for hotel rates around the world in 2007 are unlikely to be hit again, according to Gerald Lawless, executive chairman of the Jumeirah Group. Speaking as part of a panel in Istanbul, Lawless said the "unbelievable" high of 2007 would be hard to replicate anytime soon. “We’ve gotten back to it for certain periods but not extended periods,” he said. “In ’07, some of our hotels were running 100 percent occupancy with $1,000 (average daily rate),” he said in comments published by Hotel News Now. Lawless said leisure demand has been consistently stronger than business demand so far during the recovery, which is leading to Jumeirah’s more conservative approach to budgeting for 2012. He said his company, which has 10 luxury properties set to come online by the end of the first quarter of 2012, sees huge opportunities for growth in China and Africa. “Long term, the opportunity is what we would look like as a brand and how we can develop,” he said. “How many properties are in a brand, and is there an opportunity to go multi brand.” Lawless also said countries such as Jordan and Syria would offer potential opportunities if they ever become politically stable. “The Holy Land, there’s such history there,” he said. “We really hope one day we see real peace there.” Earlier this week, Lawless said average room rates currently stand at AED1,700 ($462.8), up five percent compared with the same period last year. Occupancy levels at Jumeirah's hotels in Dubai reached 80.5 percent, Lawless said, up six percent from a year earlier. He said 20 percent of visitors came from the United Kingdom, 14 percent from Russia, and there were increasing numbers from China. The luxury hotelier, which competes with brands such as Mandarin Oriental or Four Seasons, recently opened brand-managed hotels in Frankfurt, the Maldives and Shanghai, and already has an extensive portfolio in Dubai, such as the sail-shaped Burj Al Arab hotel and the Jumeirah Beach Hotel.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

peak hotel rates unlikely to return peak hotel rates unlikely to return

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

peak hotel rates unlikely to return peak hotel rates unlikely to return

 



GMT 21:16 2016 Monday ,27 June

Zaki Badr discusses cleaning problem in Giza

GMT 21:46 2017 Saturday ,14 January

Turkey arrests 60 businessmen for alleged Gulen ties

GMT 22:38 2017 Friday ,24 March

Abbas meets with Merkel in Berlin

GMT 09:02 2017 Monday ,27 March

Tunisian Premier Concludes Visit to Sudan

GMT 15:54 2017 Friday ,01 September

Attorney General Directs Prosecutors to inspect Prison

GMT 09:22 2017 Sunday ,31 December

HM King condoles with Afghanistan President

GMT 10:12 2016 Wednesday ,06 April

Strong dollar, mild weather shrink H&M profits

GMT 17:03 2016 Saturday ,24 December

7 police killed in attacks in Afghansitan

GMT 13:51 2017 Friday ,17 March

Israel denies Syria shot down a warplane

GMT 04:08 2017 Thursday ,05 January

Carbon tax can fund clean energy transition

GMT 19:27 2016 Wednesday ,14 September

Alstom to go ahead with plans to shut down Belfort plant
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday