According to preliminary September data from STR, Dubai's hotels reported occupancy fell 4.7% to 76.6%, ADR dropped 10.6% to 497.67 Emirati dirhams ($135.49) and RevPAR decreased to 381.20 Emirati dirhams ($103.76).
LONDON—STR’s preliminary September 2017 data for Dubai, United Arab Emirates, indicates performance declines consistent with significant supply growth.
Based on daily data from September, Dubai reported the following in year-over-year comparisons:
- Supply: +5.6%
- Demand: +0.6%
- Occupancy: -4.7% to 76.6%
- Average daily rate (ADR): -10.6% to AED497.67
- Revenue per available room (RevPAR): -14.8% to AED381.20
In addition to supply growth, STR analysts note that a decline in events in the market compared with September 2016 might have weighed on Dubai’s performance for the month. For example last year, Dubai hosted the biennial International Congress of the International Society of Blood Transfusion.
Additionally, residents experienced a shorter vacation period this year, as the Eid Al Adha holiday shifted from 11-18 September in 2016 to 31 August to 3 September in 2017.
STR will release full September 2017 results later this month.
Media & Communications Coordinator
+44 (0)207 922 1979
Director of Marketing, Research & Analysis
+44 (0)207 922 1965
The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at email@example.com.