Dubai sees 2% occupancy fall in October

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.

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.