STR’s preliminary July 2018 data for Dubai, United Arab Emirates, indicates performance consistent with strong growth in both supply and demand.
Based on daily data from July, Dubai reported the following in year-over-year comparisons:
- Supply: +6.3%
- Demand: +7.2%
- Occupancy: +0.9% to 66.0%
- Average daily rate (ADR): -9.7% to AED423.63
- Revenue per available room (RevPAR): -8.8% to AED279.81
Although growth in demand (room nights sold) was significant, performance levels remained low due to pressure from increased supply. The absolute ADR level would be the lowest for any month in the market since August 2004.
STR will release full July results later this month. The August edition of STR’s Market Forecast will be available later this month for Dubai and a host of other markets across the globe.
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