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STR Global releases preliminary June 2014 data for Dubai

July 15, 2014 Statistics & Trends No Comments Email Email

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

Based on daily data from June, Dubai reported:

* increases in supply (8.6 percent) and demand (2.6 percent);
* a 5.5-percent decline in occupancy to 75.0 percent;
* a 1.4-percent increase in average daily rate to AED658.12; and
* a 4.2-percent decline in RevPAR to AED493.68.

“Occupancy declined in June for the second month in a row, as demand growth slowed during one of the hottest months in the year and supply growth remained strong”, said Elizabeth Winkle, managing director of STR Global. “ADR continued to grow, posting the highest levels of any June since 2008. However, such an increase was not able to fully offset the negative occupancy performance”.

STR Global will release June 2014 results in two weeks. The May edition of the STR Global Hotel Market Forecast is now available.

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