STR Global’s preliminary June 2015 data for Dubai indicates performance declines, coinciding with Ramadan.
Supply growth has placed additional pressure on occupancy levels, which has also impacted hotel performance in Dubai.
Dubai reported an increase in hotel supply of 4.6%, while demand fell by 11.6%.
Meanwhile, hotels saw a 15.4% decrease in occupancy to 63%, and an 8.6% decrease in average daily rate (ADR) to AED 592.69 (US $161.36).
Revenue per available room (RevPAR) dropped by 22.7% to AED 373.53 ($101.69).
From 18-30 June 2015, Dubai reported slightly higher occupancy (41.6%) compared to the first 13 days of Ramadan 2014 (40.9%).
However, ADR during that same set period fell 5.6% to AED 529.34 ($144.11), and RevPAR dipped 3.7% to AED 220.43 ($60.01).
STR Global will release June 2015 results later this month.
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