STR, Preliminary January data for Dubai hotels

STR

STR, Preliminary January data for Dubai hotels

STR’s preliminary January 2018 data for Dubai, United Arab Emirates, indicates occupancy-driven performance growth.   

Based on daily data from January, Dubai reported the following in year-over-year comparisons:

  • Supply: +3.6 percent
  • Demand: +5.5 percent
  • Occupancy: +1.5 percent to 86.4 percent
  • Average daily rate (ADR): -0.6 percent to AED814.51
  • Revenue per available room (RevPAR): +1.0 percent to AED703.89

High demand was enough to outpace somewhat slowing supply growth and push a positive occupancy comparison. As a result, Dubai saw its first January increase in RevPAR since 2014. STR analysts note the year-over-year change in supply would be the lowest for any month since November 2012.  

Additionally, demand was aided by a fast-rebounding Russia source market, especially in beachfront properties.

STR will release full January results later this month. The January edition of STR’s market forecast is now available.

Source = STR
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