STR: Preliminary January Data For Dubai Hotels
LONDON - STR's preliminary January 2019 data for Dubai, United Arab Emirates, indicates performance affected by a continued influx of new room inventory.
Based on daily data from January, Dubai reported the following in year-over-year comparisons:
- Supply: +9.3%
- Demand: +3.9%
- Occupancy: -4.9% to 82.2%
- Average daily rate (ADR): -11.4% to AED714.01
- Revenue per available room (RevPAR): -15.8% to AED586.79
STR analysts note that year-over-year declines are to be expected with significant supply growth ahead of Expo 2020. Regardless, demand (room nights sold) grew for the fourth consecutive month, and occupancy eclipsed 90% for each of the first three nights of the year.
STR will release full January results later this month.
Public Relations Coordinator
Phone: +1 (615) 824-8664 ext. 3305
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.