A report by STR Global indicates that Dubai hotels experienced double-digit RevPar growth in April, with increased average daily rate the main factor driving this.
Based on daily data from April, Dubai also reported an increase in supply for the month by 8.1% on 2013, and demand up 10.5%. A 2.2% increase in occupancy to 84.8% was also seen.
Additionally, average daily rates saw a huge 11.4% increase to AED1,065.92 (US $290.23) and this was the main factor driving a 13.9% increase in RevPAR to AED903.97 (US $246.13).
STR Global managing director Elizabeth Winkle said: “ADR remained the driving force behind double-digit RevPAR growth in April, posting the highest levels for the month since 2008.
“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”.
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STR Global will release the April 2014 results in two weeks. The May edition of the STR Global Hotel Market Forecast will be available by the end of this month.
STR Global provides a single source of global hotel data covering daily and monthly performance data, segmentation data, forecasts, annual profitability, pipeline and census information.
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