eid-al fitr
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...
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...
