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19 April 2024

RAK reports surge in hotel occupancy, RevPar, ADR

Ras Al Khaimah’s top source markets in January were Germany, Russia, the UK, India and Finland (Supplied)

By Staff

Ras Al Khaimah Tourism Development Authority has announced an increase of 23.7 per cent in occupancy across the emirate’s hotels and resorts for the month of January 2016.

Figures from the industry for the first month of the year show that 2016 is off to a strong start for Ras Al Khaimah’s tourism sector with hotels reporting increases across key performance indicators.

Haitham Mattar, CEO, Ras Al Khaimah Tourism Development Authority said: “We recently reported our 2015 full year visitor figures which showed another year of growth and these results for January 2016 further demonstrate the strong position of the emirate. We are making good progress towards our Vision for 2018 of attracting 1 million visitors.”

Compared to January 2015, hotels in the emirate reported a 10.3 per cent year-on-year increase in Rev PAR. In addition, the emirate’s hotels reported occupancy rate of 62.2 per cent, up by 23.7 per cent when compared to January 2015.

Attracting visitors from around the world, Ras Al Khaimah’s top source markets when comparing January 2016 to the same month in 2015 were Germany, Russia, the UK, India and Finland. Visitors from Germany increased by 167 per cent compared to January 2015 while the emirate welcomed 30 per cent and 153 per cent more visitors from Russia and Finland respectively.

“Our work in the events sector has continued with an increasing number of events held in the emirate to entertain visitors. The growth from Russia is particularly positive, not only did the number of visitors increase but room nights were also up by 33.96 per cent and Average Daily Rate increased by 56.72 per cent,” added Mattar.