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Jumeirah Celebrates Dynamic Performance in 2012
5/2/2012
DUBAI—Jumeirah Group, the global hotel company and a member of Dubai Holding, added a 20th hotel to its international portfolio and reconfirmed its market leader position in terms of hotel performance in Dubai.
During the first four months of 2012, the beachfront resorts recorded extended periods of high occupancy averaging at 84.4 percent, while RevPAR, the industry standard for measuring the rooms’ revenue in relation to rooms available, has grown by 18.7 percent. Jumeirah’s city hotels have also regained their leading position with increased average occupancy of 85.5 percent and RevPAR growth of 8.4 percent.
In the USA Jumeirah Essex House continued to benefit from the revival of the corporate travel market and recorded occupancy increase of 4.6 percent and RevPAR increase of 6.3 percent year-on-year. In London, Jumeirah Carlton Tower and Jumeirah Lowndes Hotel continued to enjoy robust performance and are preparing for the very busy summer with the Queen’s Diamond Jubilee and the Olympics. These travellers will also benefit from a diversified choice of accommodation with the opening of Grosvenor House Apartments by Jumeirah Living in the prestigious Park Lane in March.
Jumeirah Frankfurt, the Group’s first hotel in continental Europe, has already established itself among the market leaders in terms of occupancy and RevPAR. The Group expects that the German leisure market will also be strong into its newest Spanish resort, Jumeirah Port Soller Hotel & Spa, which opened on 24 April in Mallorca. Jumeirah Grand Hotel Via Veneto in Rome as well as the Pera Palace Hotel, Jumeirah’s historical landmark in Istanbul, are also attracting an increasing number of affluent travellers seeking the finest in service and facilities.
Jumeirah has delivered on its promise to double its operating hotel portfolio since January 2011. At the moment the Group operates 20 luxury hotels and residences across 10 global destinations. Jumeirah continues its international expansion, with a pipeline of 16 hotels under development. The next openings are scheduled to be in Baku, Dubai and Kuwait.
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