dubai hotel industry
STR: Expo 2020 Drove Dubai Hotel Occupancy Above 90% for the First Time Since 2007
STR | April 12, 2022
LONDON — April 12, 2022 — Driven by the final weeks of Expo 2020, Dubai’s hotel industry reported its first month of 90% or better occupancy since 2007, according to preliminary March 2022 data from STR. Occupancy: 91.7% Average daily rate (ADR): AED891.46 Revenue per available room (RevPAR): AED817.90 Like past renditions of Expo in Shanghai (2010) and Milan (2015), the end of the “mega event” proved to be the busiest for Dubai. The last time monthly occupancy in Dubai reached 90% was March 2007 when there were roughly 90,000 less rooms in the market. Additionally, the ADR level was Dubai’s second highest...
STR: Dubai Hotel Rates Reached Six-Year High in December
STR | January 11, 2022
LONDON — January 11, 2022 — Lifted by Expo 2020 and the holiday season, Dubai’s hotel industry reported its highest monthly room rates since 2015, according to preliminary December 2021 data from STR. Occupancy: 78.2% Average daily rate (ADR): AED956.01 Revenue per available room (RevPAR): AED747.28 The market’s absolute ADR and RevPAR levels were its highest for any month since January 2015 and March 2015, respectively. On 31 December, the market’s ADR (AED1,963.67) was the highest for any one day in STR’s Dubai database, while the market’s RevPAR (AED1,743.89) was the highest since 31 December 2015 (AED1,768.8...
Dubai Hotels Surpassed 2019 Profit Level in October
STR | December 7, 2021
LONDON — December 7, 2021 — Estimated Dubai gross operating profit per available room (GOPPAR) for October 2021 came in at 159% of the 2019 comparable, according to STR‘s latest monthly P&L data release. Building on its launch in the U.S., STR now features monthly P&L data reporting in four world regions: Europe, the Middle East, Asia Pacific, and the Americas. Helped by the opening of Expo 2020 and the ICC Men’s T20 World Cup 2021, Dubai’s GOPPAR reached US$178, while total revenue per available room (TrevPAR) was US$316. Dubai’s top-line performance was also lifted during the month, as the market reported its hi...
STR: Expo Lifted Dubai Hotel Rates to Three-Year High in October
STR | November 15, 2021
LONDON — November 15, 2021 — Lifted by the opening of Expo 2020, Dubai’s hotel industry reported its highest monthly room rates since 2018, according to preliminary October 2021 data from STR. Occupancy: 81.6% Average daily rate (ADR): AED776.62 Revenue per available room (RevPAR): AED633.66 The market’s absolute ADR and RevPAR levels were the highest for any month since January 2018 and February 2018, respectively, while the occupancy level was the highest since January 2020. All of STR’s COVID-19 analysis can be found here....
