Dubai hotels get a breather in December: STR Global
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The month of December 2014 was a sigh of relief for Dubai hotels who reported a positive revenue-per-available-room performance.
The region witnessed an increase in supply with 6.9% as well as an increase in demand of 5.3%. However, there was a 1.4% dip in occupancy to 79.3%.
This dip was tackled by an increase of 1.7% in average daily rate to AED1024.23 and a 0.3% increase in RevPAR to AED812.30.
“Dubai reported positive RevPAR performance for December, after six consecutive months of declines in this measure. Despite the continuous strong supply growth, ADR managed to increase in one of the busier months for the market, achieving highest levels of any December since 2008,” said Elizabeth Winkle, managing director of STR Global.
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