Image courtesy: Zaib Azhar
Dubai hotel rates reach six-year high in December
DUBAI, January 11, 2022
Lifted by Expo Dubai 2020 and the holiday season, Dubai’s hotel industry reported its highest monthly room rates since 2015, according to preliminary December 2021 data from STR.
The occupancy was at 78.2% and average daily rate (ADR) AED956.01 ($260.27). Revenue per available room (RevPAR) was AED747.28.
The market’s absolute ADR and RevPAR levels were its highest for any month since January 2015 and March 2015, respectively, said STR.
On December 31, the market’s ADR (AED1,963.67) was the highest for any one day in STR’s Dubai database, while the market’s RevPAR (AED1,743.89) was the highest since December 31, 2015 (AED1,768.85).
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. - TradeArabia News Service
