Dubai’s hotel occupancy levels get revived: STR Global
Guest Writers are not employed, compensated or governed by TD, opinions and statements are from the specific writer directly
Recent statistics from STR Global for July 2015’s preliminary data for Dubai indicated significant year-over-year performance increases.
Dubai reported an increase in supply by 4.8% and demand by 32.1%. There was also a 26.1% increase in occupancy to 57.6%. However, a marginal dip of 2.9% was witnessed by the average daily rate to AED614.12. The region wrapped up in the overall revenue per available room with a 22.4% increase to AED353.43.
Subsequently, STR Global analysts note that Dubai’s occupancy level for July remained below 50% until conclusion of Ramadan. For the remaining days in the month, occupancy in the market eclipsed at 70%.
Comments are closed.