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STR Global Releases Preliminary September 2015 Data For Dubai

October 24, 2015 Hotel Trends No Comments Email Email

STR Global’s preliminary September 2015 data for Dubai, United Arab Emirates, indicates slight decreases in several key performance metrics. http://join.travelmanagers.com.au/

Based on daily data from September, Dubai reported:

  • a 0.3% decrease in occupancy to 76.1%;
  • a 2.6% decrease in average daily rate to AED645.61;
  • a 3.0% decrease in revenue per available room to AED491.08; and
  • increases in supply (+5.4%) and demand (+5.1%).

Despite the decrease for the month, ADR in the market eclipsed AED800.00 for each day from 23-25 September. Overall, the shift of Eid al-Adha from October 2014 to September 2015 led to an 11.7% year-over-year increase in ADR during the week of 20-26 September.

Supply growth in Dubai remains significant, and demand improved from August. Through the first eight months of 2015, supply growth (+6.3%) outweighed demand growth (+5.2%) in the market.

STR Global will release September 2015 results during the week of 26 October. The August edition of the STR Global Hotel Market Forecast is now available.

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