STR’s preliminary January 2019 data for Dubai, United Arab Emirates, indicates performance affected by a continued influx of new room inventory. 
Based on daily data from January, Dubai reported the following in year-over-year comparisons:
- Supply: +9.3%
- Demand: +3.9%
- Occupancy: -4.9% to 82.2%
- Average daily rate (ADR): -11.4% to AED714.01
- Revenue per available room (RevPAR): -15.8% to AED586.79
STR analysts note that year-over-year declines are to be expected with significant supply growth ahead of Expo 2020. Regardless, demand (room nights sold) grew for the fourth consecutive month, and occupancy eclipsed 90% for each of the first three nights of the year.
STR will release full January results later this month.
.jpg){kind=tracking}
