STR: Preliminary October data for Dubai hotels
STR's preliminary October 2018 data for Dubai, United Arab Emirates, indicates performance levels affected by continued supply growth.
STR's preliminary October 2018 data for Dubai, United Arab Emirates, indicates performance levels affected by continued supply growth.
Based on daily data from October, Dubai reported the following in year-over-year comparisons:
- Supply: +7.7%
- Demand: +3.1%
- Occupancy: -4.3% to 75.2%
- Average daily rate (ADR): -6.1% to AED685.41
- Revenue per available room (RevPAR): -10.2% to AED515.64
While a growth imbalance in supply and demand has led directly to lower occupancy levels, STR analysts attribute lower ADR in Dubai to hotels looking to drive market share through more attractive rates. Despite the negative year-over-year comparisons, occupancy was lifted during GITEX Technology Week (14-18 October).
STR will release full October results later this month.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.