Canal Central Hotel Business Bay RevPAR up 157%
The Canal Central Hotel Business Bay, a luxury 5-star hotel located along Dubai’s famous canal, has experienced significant growth, entering 2022 with a 157% increase in revenue per available room (RevPAR), compared to the same period in 2021.
Growth was driven by an increase in the travel industry segment, with the city hosting several key events and exhibitions last year, such as the opening of Expo 2020, the Emirates Golden Jubilee Arab Emirates and the recent Dubai Shopping Festival, the hotel said. .
There is a growing preference for hotels in Business Bay due to its proximity to the Dubai International Convention and Exhibition Center and the Dubai International Financial Centre. It is also minutes from exciting Dubai sights such as the Burj Khalifa, the Dubai Fountain and the soon-to-open Museum of the Future, he said.
“Despite the challenges of the previous year, Canal Central Hotel Business Bay has had an excellent start to 2022. We have achieved record growth in our RevPAR, and we expect to maintain this throughout the year. We are confident that our strategic location, our diversified packages to meet the needs of leisure and business travelers and our excellent offers will further drive the growth we have already established. I would like to thank our loyal guests and the Government of the United Arab Emirates for their support of the hospitality industry,” said Gladvin Francké, Head of Hospitality.
According to the latest Dubai Tourism Performance Report, the average length of stay in a hotel fell from 4.2 nights in 2020 to 4.6 in 2021. Average Daily Rates (ADR) fell from AED 343 to AED 451 AED, and Revenue per Available Room (RevPAR) increased from AED184 to AED301, indicating strong performance in the industry.
The main sources of visitors to Dubai in 2021 were: India, with 910,000 visitors, a year-on-year growth of 5.3%; Saudi Arabia with 491,000 visitors, up 22.8% year-on-year; Russia with 444,000 visitors, up 50.3% year-on-year; and the United Kingdom, with 420,000 visitors, a year-on-year growth of 7.1%.
The MENA and GCC regions accounted for 26% of all visitors, followed by Western Europe with 22%, South Asia with 18%, and Russia, CIS and Eastern Europe with 15%. – TradeArabia Press Service