Middle East Hotel Benchmark Survey. June 2010
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1 Middle East Hotel Benchmark Survey June 21
2 Introduction Introduction Ernst & Young We hope you enjoy the June 21 report of the Ernst & Young Middle East Hotel Benchmark Survey. Inside we cover occupancy and rate performance in key hotel markets across selected countries and cities in the Middle East on a monthly and year-to-date basis in local currencies and US dollars. This monthly and our monthly Spa Industry Benchmark Survey are part of our services to the hospitality sector. Ernst & Young s Transaction Real Estate Advisory Services team headquartered in Dubai is the leading business advisory practice in the region. Our team consists of professionals from around the globe with extensive real estate, hospitality operations and advisory experience. We understand and offer a full scope of multidisciplinary services for developers, lenders, owners and operators. Our specialist services include acquisitions, capital sourcing, highest and best use analysis, due diligence, market and financial feasibility studies, management company selection/contract reviews, strategic business planning, repositioning analysis, operational enhancement/diagnostics, valuations/appraisals and disposition, for every real estate industry segment such as hotel, residential, commercial, retail, restaurant, golf, marina, theme park and convention center. Ernst & Young is the largest professional services firm in Middle East with 2 offices in 15 countries and part of the global Ernst & Young network with over 144, people in 14 countries. Sincerely Yousef Wahbah Principal Transaction Real Estate Advisory Services Group Leader - MENA Paul Arnold Principal Transaction Real Estate Advisory Services Group Leader - MENA 2
3 Ernst & Young % Occupancy Beirut Hotels Occupancy % June 29 - June 21 1 Occupancy % Average Room Rate Abu Dhabi Hotels (US$) Average Room Rate June 29 - June 21 4 Average Room Rate Rev PAR in Beirut Hotels (US$) Room Yield June 29 - June Room Yield Ernst & Young 3
4 % Occupancy Dubai - Overall Hotels Occupancy % June 29 - June 21 1 Occupancy % Average Room Rate Dubai - Overall Hotels (US$) Average Room Rate June 29 - June Average Room Rate Rev PAR in Dubai - Overall Hotels (US$) Room Yield June 29 - June Room Yield Ernst & Young
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9 Assurance Tax Transactions Advisory About Ernst & Young Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 144, people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. For more information, please visit Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The Middle East practice of Ernst & Young has been operating in the region since For over 85 years, we have evolved to meet the legal and commercial developments of the region. Across the Middle East, we have over 4,2 people united across 2 offices and 15 Arab countries, sharing the same values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. For more information, please visit Ernst & Young 21. All rights reserved.
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