Preliminary data for Dubai hotel performance has shown an occupancy rise of 26.1% following a slump during the early summer and Ramadan.
Now standing at 57.6% across the emirate, the boost has also translated into a 22.4% increase in RevPAR to AED353.43.
The results also demonstrate a significant YoY increase in performance, with only ADR showing declines of 2.9%.
STR Global analysts note that Dubai’s occupancy level for July remained below 50.0% until the conclusion of Ramadan. For the remaining days in the month, occupancy in the market eclipsed 70.0%.
Based on daily data from July, Dubai reported:
- +4.8% increase in supply and +32.1% increase in demand
- a 26.1% increase in occupancy to 57.6%;
- a 2.9% decrease in average daily rate to AED614.12; and
- a 22.4% increase in revenue per available room to AED353.43.
