STR: Preliminary September data for Dubai hotels
 
STR: Preliminary September data for Dubai hotels
14 OCTOBER 2020 7:50 AM

Hotels in Dubai, United Arab Emirates, reported occupancy fell 37.6% to 45.4% in September, according to preliminary STR data. ADR declined 20.8% to 284.15 Emirati dirhams ($77.37), while RevPAR dropped 50.6% to 129.03 Emirati dirhams ($35.13).

LONDON—Dubai’s hotel industry reported its highest occupancy level since February, according to preliminary September 2020 data from STR.

Year-over-year declines in the key performance metrics remained significant. Compared with September 2019:

• Occupancy: -37.6% to 45.4%
• Average daily rate (ADR): -20.8% to AED284.15
• Revenue per available room (RevPAR): -50.6% to AED129.03

Even with the year-over-year declines, September was Dubai’s second consecutive month with occupancy above 40.0% (August: 41.0%). ADR and RevPAR, while substantially improved from pandemic lows, were lower than August’s levels.

All of STR’s COVID-19 analysis can be found here.

About STR
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

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