Hotels in Dubai experienced an uplift in revenue per available room (RevPAR) for the first time in six months in December, according to data compiled by STR Global.
The organisation’s preliminary data for December shows that RevPAR crept up 1.4% to AED 812.3 during the month.
This came despite a 1.4 percentage point decrease in occupancy to 79.3%, with supply (+6.9%) outpacing demand (+5.3%).
Meanwhile, average daily rates (ADR) increased by 1.7% to AED 1024.23.
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“Dubai reported positive RevPAR performance for December, after six consecutive months of declines in this measure”, said STR Global managing director Elizabeth Winkle.
“Despite the continuous strong supply growth, ADR managed to increase in one of the busier months for the market, achieving the highest levels of any December since 2008”.
November had seen RevPAR decline 9.2% to AED 835.72 (US $227.53), with occupancy rising 2.5% to 85.5%.
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