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...