Dubai hotels record strong growth in April
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Dubai hotels performed strongly across all key performance indicators in April, according to preliminary data from STR Global.
“ADR remained the driving force behind double-digit RevPAR growth in April, posting the highest levels for the month since 2008”, said Elizabeth Winkle, managing director of STR Global.
“Demand growth reported a double-digit increase for the first time since September 2013, resulting in the highest occupancy levels in April for the last seven years”.
Demand for hotels grew by 10.5%, exceeding supply growth at 8.5%. This resulted in a 2.2% increase in occupancy for the month, rising to 84.8%.
With significant demand in the market, hoteliers were able to justify double-digit growth average daily rate (ADR) which increased 11.4% to AED1,065.92.
Growth in occupancy combined with increased ADR prompted a 13.9% rise in revenue per available room (RevPAR).
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