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STR Global releases preliminary July 2014 data for Dubai

August 13, 2014 Statistics & Trends No Comments Email Email

STR Global’s preliminary July data for Dubai indicate negative revenue-per-available-room performance.

Based on daily data from July, Dubai reported:

* increases in supply (+8.3 percent) and decreases in demand (-4.5 percent);
* an 11.8-percent decline in occupancy to 45.4 percent;
* a 5.0-percent increase in average daily rate to AED638.66; and
* a 7.4-percent decline in RevPAR to AED290.23.

“Dubai reported the lowest occupancy levels of any month for the last 18 years, when STR Global began tracking hotel performance for the market”, said Elizabeth Winkle, managing director of STR Global. “As July is one of the hottest months within the region and coincides with the fasting month of Ramadan, the city had an overall negative trend, on top of growing supply”.

STR Global will release July 2014 results in two weeks. The August edition of the STR Global Hotel Market Forecast will be available by the end of this month.

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