Article Summary: Dubai hotel occupancy fell 60.8% to 26.3% in June, according to preliminary monthly data from STR. ADR dipped 28.9% to 275.75 Emirati dirhams ($75.09) and RevPAR fell 72.2% to 72.65 dirhams ($19.78).
Dubai hotel occupancy fell 60.8% to 26.3% in June, according to preliminary monthly data from STR. ADR dipped 28.9% to 275.75 Emirati dirhams ($75.09) and RevPAR fell 72.2% to 72.65 dirhams ($19.78).
Primary Category: Other Reports
LONDON—Dubai’s hotel industry reported slightly improved but still relatively low performance levels, according to preliminary June data from STR.
Compared with June 2019:
• Occupancy: -60.8% to 26.3%
• Average daily rate (ADR): -28.9% to AED275.75
• Revenue per available room (RevPAR): -72.2% to AED72.65
The ADR and RevPAR levels were up from May 2020, but the occupancy level was slightly lower than the month prior.
All of STR’s COVID-19 analysis can be found here.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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Headline: STR: Preliminary June data for Dubai hotels
Article Date: 7/13/2020
Article Time: 10:14:00 AM