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.