STR Global’s preliminary July 2015 data for Dubai, United Arab Emirates, indicates significant year-over-year performance increases. Based on daily data from July, Dubai reported:
- increases in supply (+4.8%) and demand (+32.1%);
- a 26.1% increase in occupancy to 57.6%;
- a 2.9% decrease in average daily rate to AED614.12; and
- a 22.4% increase in revenue per available room to AED353.43.
STR Global analysts note that Dubai’s occupancy level for July remained below 50.0% until the conclusion of Ramadan. For the remaining days in the month, occupancy in the market eclipsed 70.0%.
STR Global will release July 2015 results during the week of 24 August. The August edition of the STR Global Hotel Market Forecast also will be available at the end of the month.