'Shutdown': Moody's expects Dubai hotel occupancy to plummet to 10 percent

'Shutdown': Moody's expects Dubai hotel occupancy to plummet to 10 percent The US-based financial analysis firm Moody's predicts that hotel occupancy in Dubai is set to plummet to 10 percent from a pre-war figure of 80 percent in the second quarter of the year, which ends on 1 July, The Wall Street Journal reported on Wednesday. "This represents an effective shutdown of large parts of the hospitality sector," Moody’s said. Dubai is facing an existentia...