Dubai Hotel Performance
Ramadan and Eid al-Fitr a Success for Dubai Hotels
CoStar Group | April 29, 2024
WASHINGTON – 29 April 2024 – Dubai’s hotel occupancy and average daily rate (ADR) reached elevated levels during Ramadan and Eid al-Fitr, according to recent data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. Ramadan During Ramadan (11 March - 9 April), Dubai saw its highest daily occupancy levels on Friday, 29 March (at 78.9%), which coincided with the Easter holiday weekend. The market’s ADR levels peaked on Saturday, 30 March, at AED901.25. “As expected, Dubai hotel occupancy dipped slightly at the beginning of Ramadan, fluctuating betw...
Dubai Hotel Performance Jumped During Eventful February
CoStar Group | March 13, 2024
WASHINGTON – 13 March 2024 – A series of events pushed all-time high occupancy levels in Dubai, according to February preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. February 2024 (year-over-year % change): Occupancy: 90.8% (+3.4%) Average daily rate (ADR): AED887.06 (+9.3%) Revenue per available room (RevPAR): AED805.21 (+13.1%) The market’s hotel performance was helped by several events including Gulfood (19-23 February), the 2024 FIFA Beach Soccer World Cup (15-25 February), the 2024 Dubai Duty Free Tennis Championshi...
COP28 and New Year’s Eve Boosted Dubai Hotel Performance in December
CoStar Group | January 15, 2024
WASHINGTON – 15 January 2024 – Helped by COP28 and New Year’s Eve, Dubai’s hotel industry reported its highest monthly average daily rate (ADR) on record, according to preliminary December data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. December 2023 (year-over-year % change): Occupancy: 79.2% (+3.5%) Average daily rate (ADR): AED1,060.61 (+19.0%) Revenue per available room (RevPAR): AED839.98 (+23.2%) The RevPAR level was the highest since January 2015. According to the daily data, Dubai saw its highest occupancy level on Ne...
Dubai Hotels Posted Highest September Occupancy Since 2016
CoStar Group | October 12, 2023
WASHINGTON – 12 October 2023 – Dubai’s hotel industry posted its highest September occupancy since 2016, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. September 2023 (year-over-year % change): Occupancy: 77.6% (+10.0%) Average daily rate (ADR): AED457.21 (+2.7%) Revenue per available room (RevPAR): AED354.94 (+13.5%) In addition to the high occupancy, ADR was Dubai’s highest for a September since 2017. Daily data shows the highest occupancy levels during the last three days of the month, led by Fri...
Dubai Surpasses Pre-Pandemic International Visitation Levels in the First Half of 2023, With 20% Year-on-Year Growth
Dubai's Department of Economy and Tourism (DET) | August 23, 2023
NEW DELHI and DUBAI, UAE, Aug. 23, 2023 -- As per the latest data released by Dubai's Department of Economy and Tourism, it shows that the city is steadily advancing towards its goal of becoming the world's most visited destination. Dubai welcomed 8.55 million international visitors from January to June 2023, exceeding the pre-pandemic figure of 8.36 million tourists in H1 2019. Record H1 performance contributes to the goal of the Dubai Economic Agenda D33, which is to consolidate Dubai's status as one of the world's top three cities. It remains a first-choice destination for global travellers, with the city's hotels outperforming a...
STR: Dubai April Hotel Occupancy Peaked During Eid al-Fitr
STR | May 16, 2023
LONDON – Dubai’s hotel industry saw its saw highest April 2023 occupancy levels during the Eid-al Fitr holiday period, according to preliminary data from STR. April 2023 (year-over-year % change) Occupancy: 71.4% (+21.3%) Average daily rate (ADR): AED751.19 (-4.7%) Revenue per available room (RevPAR): AED536.32 (+15.6%) The market’s highest occupancy level was recorded on Saturday, 22 April (90.1%) – the only day of the month the metric surpassed the 90% mark. Daily RevPAR for the month also reached its highest level on this date, at AED707.03. Peak ADR for the month occurred from 4-11 April, with the metric comin...
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...
