STR Global’s preliminary May data for Dubai indicate positive revenue-per-available-room performance.
Based on daily data from May, Dubai reported:
- increases in supply (+8.8 percent) and demand (+6.1 percent);
- a 2.5-percent decline in occupancy to 78.1 percent;
- a 4.3-percent increase in average daily rate to AED809.88; and
- a 1.7-percent rise in RevPAR to AED632.23.
“Demand remained strong for Dubai. However, supply growth continued to pick up for the fifth month in a row, leading to a decline in occupancy performance for May”, said Elizabeth Winkle, managing director of STR Global. “Continued ADR growth pushed the metric above 2008 levels. Further rate growth is expected to drive positive RevPAR performance throughout 2014”.
STR Global will release May 2014 results in two weeks. The May edition of the STR Global Hotel Market Forecast is now available.
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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