Doha hotel room yield shrinks in 2012 on lower rate

Doha's hotels, which registered 61% occupancy, saw their rooms' yield shrink in 2012 because of lower average room rate, according to Ernst and Young (E&Y).

On the other hand, Manama, Jeddah, Madinah and Dubai saw double-digit gains in hotel rooms' yield on positive movements in occupancy and average room rate, E&Y said in survey.

A 3% fall in occupancy and 4.5% in average room rate to $262 resulted in Doha's hotel rooms' yield shrink 8.1% to $162 year-to-date in December 2012.

Read more: http://www.zawya.com/story/Doha_hotel_room_yield_shrinks_in_2012_on_lower_rate-ZAWYA20130303062412/