Dubai occupancy increased 26.1% in July 2015

Occupancy levels remained below 50% until the conclusion of Ramadan.

STR Global’s preliminary July 2015 data for Dubai, United Arab Emirates, indicates significant year-over-year performance increases.

Based on daily data from July, Dubai reported an increase in supply by 4.8% and demand by 32.1%.

Occupancy increased by 26.1% year over year to 57.6%, while and revenue per available room rose 22.4% to AED 353.43 (US $96.23).

Average daily rate was the only indicator which showed negative performance, with a 2.9% decrease to AED 614.12 ($167.21).

STR Global analysts note that Dubai’s occupancy level for July remained below 50% until the conclusion of Ramadan.

For the remaining days in the month, occupancy in the market eclipsed 70%.

STR Global will release July 2015 results during the week of August 24.

The August edition of the STR Global Hotel Market Forecast also will be available at the end of the month.

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