The recent statistics from STR Global for the month of October state that Dubai witnessed a dip in its hotel performance. The emirate witnessed negative results for revenue-per-available-room. The only positive indication was increase in supply up 7.3% and increases in demand up 6.3%.
Elizabeth Winkle, managing director of STR Global said: “Supply outpaced demand growth marginally for Dubai, resulting in flat occupancy growth and yet the city was able to maintain the same occupancy levels as the year before. From an ADR perspective, Dubai hotels were able to maintain their rates above AED1,000, as Dubai starts to move into its peak period.”
The rest of the factors was in the negative with a 0.9% decrease in occupancy to 81.7%. The average daily rate witnessed a 1.6% decrease to AED1,034.57 and RevPAR declined by 2.3% to AED845.60.