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...