Metro Central tops latest Dubai property statistics
shared by assetmanagmenti... on May 11
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Metro Central tops latest Dubai property statistics
Based on materials http://www.tfgassetmanagement.com/news/our-portfolio-updates/metro-central-tops-performance-benchmarks.aspx
After studying Dubai...
property statistics and market data for March, Auris Metro Central was ranked first on the Occupancy Penetration Index/Market Penetration Index (MPI), with a score of 104. MPI is calculated by studying the ratio between the property’s total number of occupied rooms at any given time compared to the market average. A score above 100 indicates a strong market position.
It also ranked first on the RevPAR (Yield) Index/Revenue Generated Index (RGI) with a score of 114. RGI is calculated using a similar approach to MPI and again, a score of 100 represents a strong market performance.
Furthermore, Auris Metro Central ranked second in terms of the Average Rate Index (ARI) with a score of 110. ARI assesses the property’s average daily rate (ADR) performance. According to STR Global, an ARI greater than 100 indicates that the property has outperformed the majority of its rivals.
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