Hotels in Dubai saw occupancy drop 4.9% to 82.2% in January, according to preliminary monthly data from STR. ADR declined 11.4% to 714.01 Emirati dirhams ($194.42) and RevPAR decreased 15.8% to 586.79 dirhams ($159.78).
LONDON—STR’s preliminary January 2019 data for Dubai, United Arab Emirates, indicates performance affected by a continued influx of new room inventory.
Based on daily data from January, Dubai reported the following in year-over-year comparisons:
- Supply: +9.3%
- Demand: +3.9%
- Occupancy: -4.9% to 82.2%
- Average daily rate (ADR): -11.4% to AED714.01
- Revenue per available room (RevPAR): -15.8% to AED586.79
STR analysts note that year-over-year declines are to be expected with significant supply growth ahead of Expo 2020. Regardless, demand (room nights sold) grew for the fourth consecutive month, and occupancy eclipsed 90% for each of the first three nights of the year.
STR will release full January results later this month.
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