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STR Global releases preliminary March 2014 data for Dubai

April 14, 2014 Statistics & Trends No Comments Email Email

STR Global’s preliminary March data for Dubai indicates positive revenue-per-available-room growth.

Based on preliminary STR Global daily data from March, the emirate reported:

  • increases in supply (+7.4 percent) and demand (+6.2 percent);
  • a 1.2-percent decrease in occupancy to 87.2 percent;
  • a 4.0-percent increase in average daily rate to AED1,089.82; and
  • a 2.8-percent rise in RevPAR to AED950.68.

“While demand growth was strong, it did not keep pace with new supply, resulting in negative occupancy performance for the market”, said Elizabeth Winkle, managing director of STR Global. “ADR grew by another 4.0 percent, and the increase in rate managed to offset the negative occupancy trend, leading to an overall positive RevPAR performance for the month”.

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

 

 

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