UAE Business: Canal Central Hotel Business Bay RevPAR up 157% – Gulf Digital News

UAE Business: Canal Central Hotel Business Bay RevPAR up 157% – Gulf Digital News

Canal Central Hotel Business Bay, a luxurious 5-star hotel along the famous Dubai Canal, recorded significant growth, entering 2022 with a 157 per cent increase in revenue per available room (RevPAR), compared to the same period in 2021.

The growth has been driven by the rise in the travel trade segment as the city hosted several key events and exhibitions last year, such as the opening of the Expo 2020, the UAE Golden Jubilee, and the recently concluded Dubai Shopping Festival, the hotel said.

There is a growing preference for hotels in Business Bay because of its proximity to Dubai International Convention Centre and Exhibition halls and the Dubai International Financial Centre. It is also a few minutes away from Dubai’s exciting tourist spots such as The Burj Khalifa, The Dubai Fountain, and the soon-to-open The Museum of the Future, it said.

“Despite the previous year’s challenges, Canal Central Hotel Business Bay had a great start to 2022. We had a record growth in our RevPAR, and we look forward to maintaining this throughout the year. We are confident that our strategic location, our diversified packages to cater to leisure and business travelers, and our excellent offerings will