STR Global’s preliminary January 2015 data for Dubai indicates negative revenue-per-available-room performance.
Based on daily data from January, Dubai reported:
- increases in supply (+6.8 percent) and demand (+3.7 percent);
- a 2.9-percent decrease in occupancy to 85.6 percent;
- a 3.6-percent decrease in average daily rate to AED1070.89; and
- a 6.4-percent decrease in RevPAR to AED916.17.
STR Global will release January 2015 results in two weeks. The February edition of the STR Global Hotel Market Forecast will be available at the end of this month.
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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