Market Report Dubai

Dubai Hotels Report 16.1 Percent RevPAR Drop for April 2016

Although Dubai reported overall performance declines, the Arabian Travel Market (ATM) 2016 helped the market reach occupancy levels above 80.0% for five consecutive days near the end of the month (25-29 April).

STR’s preliminary April 2016 data for Dubai, United Arab Emirates, indicates year-over-year performance declines.

Based on daily data from April, Dubai reported the following in year-over-year comparisons:

  • increases in supply (+6.1%) and demand (+5.2%);
  • a 0.9% decrease in occupancy to 79.7%;
  • a 15.4% decrease in average daily rate (ADR) to AED771.74; and
  • a 16.1% decrease in revenue per available room (RevPAR) to AED615.12.

Although Dubai reported overall performance declines, the Arabian Travel Market (ATM) 2016 helped the market reach occupancy levels above 80.0% for five consecutive days near the end of the month (25-29 April).

STR will release April 2016 results during the week of 23 May. The May edition of STR’s Market Forecast will be available at the end of the month.

 

About STR

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.



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