Jumeirah Group revenues decline in 2014

Dubai-based hotelier Jumeirah Group reported revenue growth of 5.2 percent in 2014, down from 8 percent a year prior. Across the group's hotel portfolio, which includes the Burj Al Arab in Dubai, the company recorded an occupancy rate of 80.1 percent and revenue per available room of $293.

Meanwhile, Jumeirah is off to a good start in 2015. In the first four months of the year, occupancy is at 84.6 percent and RevPAR at AED2,018.

The group said the UK continued to be its largest source market across its global operations. British customers represented 15.2 percent of total room nights sold.

Despite the falling rouble, Russia continued to be the second largest source of revenue for the hotel group in 2014.

The group announced multiple new hotel management agreements during 2014, in China, Mauritius and Dubai, as well as in Turkey and Abu Dhabi during 2015.