A preliminary October 2016 performance data report by STR has indicated Dubai experienced a 2% occupancy decrease to 77.9%.
The research also showed a 10.3% ADR decrease to AED 767.58 (US $208.97) and a 12% RevPAR decrease to AED 598.09 ($162.83).
The report indicated performance declines were consistent with significant supply growth.
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Based on daily data from October, Dubai reported increases in supply of 6.0% and demand of 3.9% in year-on-year comparisons.
The absolute occupancy level was reported to be the lowest for an October in Dubai since 2011.
STR will release actual October 2016 results later this month.
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Nov 15, 2016 , Nigeria
The reducing occupancy in the UAE will most likely be the trend in times to come in view of the ever increasing number of rooms coming up on daily basis with more still in the pipeline. The only motivation for increased room occupancy would be a continuous reduction in the tariff of most hotels ...