The Dubai market has shown strong growth in both supply and demand for the month of March.
That was according to figures released by industry analysts STR.
Based on daily data from March, Dubai reported the following in year-over-year comparisons:
- Supply: +5.4%
- Demand: +4.7%
- Occupancy: -0.6% to 85.7%
- Average daily rate (ADR): +0.5% to AED752.49
- Revenue per available room (RevPAR): -0.1% to AED644.9
A spokesperson said: “The increase in ADR would be the first for the market since April 2017 and only the second overall since July 2014.
“STR analysts note the rise in ADR could be due to the shift in Saudi school holidays, which occurred 10-20 March 2018. Overall performance remains consistent as demand (room nights sold) grows, but not as fast as supply.”