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STR releases preliminary April 2016 data for Dubai

May 14, 2016 Hotel Trends No Comments Print Print Email Email

STR’s preliminary April 2016 data for Dubai, United Arab Emirates, indicates year-over-year performance declines.http://www.banyantree.com/en/ap-thailand-phuket-resort

Based on daily data from April, Dubai reported the following in year-over-year comparisons:

  • increases in supply (+6.1%) and demand (+5.2%);
  • a 0.9% decrease in occupancy to 79.7%;
  • a 15.4% decrease in average daily rate (ADR) to AED771.74; and
  • a 16.1% decrease in revenue per available room (RevPAR) to AED615.12.

Although Dubai reported overall performance declines, the Arabian Travel Market (ATM) 2016 helped the market reach occupancy levels above 80.0% for five consecutive days near the end of the month (25-29 April).

STR will release April 2016 results during the week of 23 May. The May edition of STR’s Market Forecast will be available at the end of the month.

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