Hotels in Dubai, United Arab Emirates, reported occupancy was mostly flat in November (+0.1% to 84.4%) but a 9.3% ADR dive to 610.19 Emirati dirhams ($166.15) drove RevPAR down 9.2% to 515.01 dirhams ($140.23).
STR’s preliminary November 2019 data for Dubai, United Arab Emirates, indicates strong demand but declining rates.
Based on daily data from November, Dubai reported the following in year-over-year comparisons:
- Supply: +8.8%
- Demand: +8.9%
- Occupancy: +0.1% to 84.4%
- Average daily rate (ADR): -9.3% to AED610.19
- Revenue per available room (RevPAR): -9.2% to AED515.01
Supply and demand grew at roughly the same healthy pace during the month. STR analysts note that the current competitive environment continues to place pressure on hoteliers to keep ADR in line with year-to-date trends.
Of note, RevPAR growth reached double-digits during the first three days of the Dubai Airshow (17-21 November). That came even with performance comparisons affected by an off year for the biennial Helishow.
STR will release full November results later this month.
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