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STR Global releases preliminary October 2013 data for Dubai

November 13, 2013 Statistics & Trends No Comments Email Email

STR Global’s preliminary October data for Dubai indicates positive growth.

Based on STR Global daily data from October, preliminary data for the emirate includes:
• increases in supply (+7.4 percent) and demand (+6.7 percent);
• a -0.7-percent decline in occupancy to 75.3 percent;
• a +7.4-percent increase in average daily rate to AED1,096.82; and
• a +6.6-percent rise in revenue per available room to AED899.36.

“Occupancy growth for Dubai remained flat as expected due to supply outpacing demand this month. In spite of this slight inbalance, Dubai recorded the highest ADR since the economic downturn in 2008, maintaining the positive trend in 2013 for this measure”, said Elizabeth Winkle, managing director of STR Global.

STR Global will release final  October 2013 results in two weeks. Revised 2013 forecasts will be available around the same time.

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