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STR Global releases preliminary September 2014 data for Dubai

October 14, 2014 Statistics & Trends No Comments Email Email

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

Based on daily data from September, Dubai reported:
• increases in supply (+7.4 percent) and demand (+7.8 percent);
• a 0.3-percent increase in occupancy to 76.3 percent;
• a 4.0-percent decrease in average daily rate to AED671.87; and
• a 3.7-percent decline in RevPAR to AED512.83.

“Supply and demand for Dubai increases, while both high, kept pace with one another; therefore, the city was able to maintain the same occupancy levels as the year before”, said Elizabeth Winkle, managing director of STR Global. “As the temperature in the region begins to cool and business returns to the city, we start to see demand come back post-summer”.

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

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