Dubai hotels posted highest September occupancy since 2016
Dubai’s hotel industry posted its highest September occupancy since 2016, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Dubai’s hotel industry posted its highest September occupancy since 2016, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
September 2023 (year-over-year % change):
- Occupancy: 77.6% (+10.0%)
- Average daily rate (ADR): AED457.21 (+2.7%)
- Revenue per available room (RevPAR): AED354.94 (+13.5%)
In addition to the high occupancy, ADR was Dubai’s highest for a September since 2017.
Daily data shows the highest occupancy levels during the last three days of the month, led by Friday, 29 September (93.1%) – The UAE’s public holiday marking Prophet Muhammad’s birthday. Dubai’s occupancy remained above the 70.0% mark throughout the month with the exception of three days.For more information about the company and its products and services, please visit www.costargroup.com.