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Column: industry Tag: RevPAR,Dubai Hotels,STR Published: 2017-10-12 10:45 Source: Author:
In addition to supply growth, STR analysts note that a decline in events in the market compared with September 2016 might have weighed on Dubai’s performance for the month. For example last year, Dubai hosted the biennial International Congress of the International Society of Blood Transfusion.
STR’s preliminary September 2017 data for Dubai, United Arab Emirates, indicates performance declines consistent with significant supply growth. ??
Based on daily data from September, Dubai reported the following in year-over-year comparisons:
Supply: +5.6%
Demand: +0.6%
Occupancy: -4.7% to 76.6%
Average daily rate (ADR): -10.6% to AED497.67
Revenue per available room (RevPAR): -14.8% to AED381.20
In addition to supply growth, STR analysts note that a decline in events in the market compared with September 2016 might have weighed on Dubai’s performance for the month. For example last year, Dubai hosted the biennial International Congress of the International Society of Blood Transfusion.?
Additionally, residents experienced a shorter vacation period this year, as the Eid Al Adha holiday shifted from 11-18 September in 2016 to 31 August to 3 September in 2017.
STR will release full September 2017 results later this month.
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England.
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