STR Global’s preliminary December data for Dubai indicates positive growth.
Based on preliminary STR Global daily data from December, the emirate reported:
- increases in supply (+4.7 percent) and demand (+6.6 percent);
- a +1.7-percent increase in occupancy to 80.0 percent;
- a +7.7-percent increase in average daily rate to AED1,063.32; and
- a +9.5-percent rise in revenue per available room to AED850.50.
STR Global will release December 2013 results in two weeks. The next edition of the STR Global Hotel Market Forecast will be available by the end of February.
About STR Global:
STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics and Hotel News Now. For more information, please visit www.strglobal.com.
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