Occupancy levels are on the rise in the UAE according to figures released by industry analysts STR.
It is not all good news though as the ADR fell by 3.4% to AED666.48 and RevPAR experienced a drop of 2.3% to AED556.12.
“Healthy demand growth (+5.2%) was enough to outpace continued significant supply growth (+4.0%) in the emirates, leading to an increase in occupancy while mitigating the supply impact on rate levels,” said a spokesperson.
“Key markets Abu Dhabi (RevPAR: -4.0%) and Dubai (RevPAR: -2.6%) each saw overall performance declines. STR analysts note that the supply growth impact is more substantial in Dubai ahead of Expo 2020, while Abu Dhabi is looking to diversify away from its oil dependence and focus on more development in the tourism sector.”
United Arab Emirates
- Occupancy: +1.1 to 83.4%
- ADR: -3.4% to AED666.48
- RevPAR: -2.3% to AED556.12
- Occupancy: +0.9% to 70.6%
- Average daily rate (ADR): -4.5% to $163.76
- Revenue per available room (RevPAR): -3.7% to $115.62