Based on daily data from June, Dubai reported:
- an increase in supply (+4.6 percent) and a decrease in demand (-11.6 percent);
- a 15.4-percent decrease in occupancy to 63.0 percent;
- an 8.6-percent decrease in average daily rate to AED592.69; and
- a 22.7-percent decrease in revenue per available room to AED373.53.
From 18-30 June 2015, Dubai reported slightly higher occupancy (41.6 percent) compared to the first 13 days of Ramadan 2014 (40.9 percent). However, ADR during that same set period fell 5.6 percent to AED529.34, and RevPAR dipped 3.7 percent to AED220.43.
Supply growth has placed additional pressure on occupancy levels, which has also affected hotel performance in Dubai.
STR Global will release June 2015 results later this month.