Market Report Dubai

Positive Results for Dubai Hotels for March 2014

Dubai hotels report a 4 percent increase in average daily rate to AED1,089.82

STR Global STR Global’s preliminary March data for Dubai indicates positive revenue-per-available-room growth.

Based on preliminary STR Global daily data from March, the emirate reported:

  • increases in supply (+7.4 percent) and demand (+6.2 percent);
  • a 1.2-percent decrease in occupancy to 87.2 percent;
  • a 4.0-percent increase in average daily rate to AED1,089.82; and
  • a 2.8-percent rise in RevPAR to AED950.68.
“While demand growth was strong, it did not keep pace with new supply, resulting in negative occupancy performance for the market”, said Elizabeth Winkle, managing director of STR Global. “ADR grew by another 4.0 percent, and the increase in rate managed to offset the negative occupancy trend, leading to an overall positive RevPAR performance for the month”.

STR Global will release March 2014 results in two weeks. The February edition of the STR Global Hotel Market Forecast is available now.


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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