Jumeirah Group witnesses Q1 occupancy growth
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Jumeirah Group recently announced its performance for the first quarter of 2013 and its mid-term growth strategy. As per the report, the Group for the first quarter of 2013 witnessed an increase of nine percent globally in its average occupancy compared to 2012. In the same period, revenue per available room rose by 22%.
The top five source markets for Jumeirah’s properties in the UAE continue to be Russia (19.0%), the United Kingdom (16.2%), the GCC (14.1%), Germany (7.4%) and the United States (3.5%). For Jumeirah’s six properties in Europe, including London, Frankfurt, Mallorca and Rome, the top five markets were the UK (15%), UAE (11%), USA (9.4%), Germany (8.5%) and Saudi Arabia (6.4%); while the Asian hotels in China and the Maldives enjoyed strong flows of business from China, Russia, the UAE, USA and UK.
The Dubai properties have benefited from a significant increase in business (115.2%) from Australia, there has also been strong growth in business from traditional markets for Dubai, namely the UK and Russia, with room-nights up 28.4% and 8.6% respectively in the first four months of 2013 compared to the same period last year.
In terms of new developments, preparatory works have begun on the new Madinat Jumeirah Hotel. The 430-room hotel, which sits between Mina A’ Salam and the Wild Wadi Waterpark, will start during the summer of 2013 and that construction is expected to complete by the end of 2015. Jumeirah has also confirmed that its new hotel in Kuwait, Jumeirah Messilah Beach Hotel & Spa, will have its soft opening on 7 May 2013. The hotel features 316 rooms and suites, 80 residential suites and 12 villas, six restaurants along with cafés and lounges, a Talise Spa, a 200-metre private beach, two swimming pools and a children’s play area.