Dubai’s hospitality industry witnessed a decline for January 2015.
As per STR Global’s preliminary data Dubai displayed a negative revenue-per-available-room performance.
There was an increase in supply by 6.8% and demand by 3.7%. However, there was a 2.9% decrease in occupancy to 85.6%, a 3.6% decrease in average daily rate to AED1070.89 and a 6.4% decrease in RevPAR to AED916.17.
“Dubai reported declinein RevPAR performance for January, off the back of double-digit growth in January 2014. Although strong supply growth continued to outpace growth in demand, occupancy levels for January remained in excess of 85% for the fourth year in a row,” said Elizabeth Winkle, managing director of STR Global.