STR Global’s preliminary August data for Dubai indicated negative RevPAR and ADR performance.
LONDON—STR Global’s preliminary August data for Dubai indicate negative revenue-per-available-room and average-daily-rate performance.
Based on daily data from August, Dubai reported:
- increases in supply (+8.6 percent) and demand (+10.9 percent);
- a 2.1-percent increase in occupancy to 75.1 percent;
- a 5.7-percent decrease in ADR to AED682.21; and
- a 3.7-percent decline in RevPAR to AED512.25.
“Occupancy performance is back to normal trading conditions after the fasting month of Ramadan in July”, said Elizabeth Winkle, managing director of STR Global. “The overall decline in ADR, however, is strongly related to the three days Eid celebrations shifting months, where Dubai hotels experience a spike in hotel performance”.
STR Global will release August 2014 results in two weeks. The August edition of the STR Global Hotel Market Forecast is available now.