STR: Dubai hotel industry closed 2022 with healthy performance
Dubai’s hotel occupancy came in lower than the pre-pandemic comparable, but average daily rate (ADR) once again pushed revenue per available room (RevPAR) far above 2019 levels, according to preliminary December 2022 data from STR.
Dubai’s hotel occupancy came in lower than the pre-pandemic comparable, but average daily rate (ADR) once again pushed revenue per available room (RevPAR) far above 2019 levels, according to preliminary December 2022 data from STR.
- Occupancy: 76.6%
- Average daily rate (ADR): AED892.84
- Revenue per available room (RevPAR): AED684.03
The occupancy level was 2.0% below the 2019 comparable (78.2%), while ADR and RevPAR were 33.8% and 31.1% higher, respectively. Occupancy was slightly ahead of 2019 in both October and November. ADR and RevPAR were well above pre-pandemic levels throughout the year.
December daily data shows Dubai’s highest performance was recorded on New Year’s Eve: occupancy (91.0%), ADR (AED1,765.51) and RevPAR (AED1,606.74). With the exception of four days during the month, daily occupancy levels remained above 70%.
All of STR’s industry analysis can be found here.