STR: Preliminary July data for Dubai hotels
LONDON -- STR's preliminary July 2018 data for Dubai, United Arab Emirates, indicates performance consistent with strong growth in both supply and demand.
Based on daily data from July, Dubai reported the following in year-over-year comparisons:
- Supply: +6.3%
- Demand: +7.2%
- Occupancy: +0.9% to 66.0%
- Average daily rate (ADR): -9.7% to AED423.63
- Revenue per available room (RevPAR): -8.8% to AED279.81
Although growth in demand (room nights sold) was significant, performance levels remained low due to pressure from increased supply. The absolute ADR level would be the lowest for any month in the market since August 2004.
STR will release full July results later this month. The August edition of STR's Market Forecast will be available later this month for Dubai and a host of other markets across the globe.
Media & Communications Coordinator - STR
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.