LONDON -- STR's preliminary July 2017 data for Dubai, United Arab Emirates, indicates steep performance declines consistent with the year-to-year shift in Ramadan dates.

Based on daily data from July, Dubai reported the following in year-over-year comparisons:

  • Supply: +5.6%
  • Demand: +1.8%
  • Occupancy: -3.6% to 65.7%
  • Average daily rate (ADR): -11.5% to AED471.25
  • Revenue per available room (RevPAR): -14.7% to AED309.76

Dubai's hotel performance continues to be affected by supply expansion. Additionally, STRanalysts note that July performance was affected by the Ramadan calendar shift, with the Eid al-Fitr holiday in late June this year versus early July last year. However, Dubai did not experience as severe a downturn as several other Middle Eastern markets during this year's Ramadan period.

STR will release actual July 2017 results later this month.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Alex Anstett
Media & Communications Coordinator - STR
STR