dubai hotels
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...
STR: Abu Dhabi and Dubai Hotels Exceeded 2019 Eid al-Fitr Performance
STR | May 19, 2022
LONDON—The Abu Dhabi and Dubai hotel industries recorded occupancy and average daily rate (ADR) that exceeded the 2019 Eid al-Fitr comparables, according to preliminary data from STR. When looking at the Eid date (2 May 2022) in the United Arab Emirates, Abu Dhabi’s hotel occupancy reached 79.1%, which was 4.5% higher than 4 June 2019. Similarly, Dubai’s occupancy came in at 75.4%, which was 19.7% higher than the pre-pandemic comparable. “This high performance is yet another sign of recovery and demand momentum for the Middle East,” said Philip Wooller, STR’s senior director, Middle East & Africa. “While the...
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....
