LONDON – STR's preliminary October 2016 data for Dubai, United Arab Emirates, indicates performance declines consistent with significant supply growth.

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

  • increases in supply (+6.0%) and demand (+3.9%);
  • a 2.0% decrease in occupancy to 77.9%;
  • a 10.3% decrease in average daily rate (ADR) to AED767.58; and
  • a 12.0% decrease in revenue per available room (RevPAR) to AED598.09.

The absolute occupancy level would be the lowest for an October in Dubai since 2011. STR analysts note that demand from the annual Gulf Information Technology Exhibition (GITEX), held 16-20 October, was outweighed by continued supply growth in place for Expo 2020 Dubai.

STR will release actual October 2016 results later this month. The August edition of STR's Market Forecast is now available.

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