Hotels in Dubai, UAE saw an occupancy rate of 86.4 per cent during January, rising 1.5 per cent year-on-year, according to preliminary data for the month from STR, a global provider of analytics and marketplace insights.
Both supply and demand increased 3.6 per cent and 5.5 per cent respectively during the month.
While Average daily rate (ADR) fell 0.6 per cent to Dh814.51 ($221.7), Revenue per available room (RevPAR) improved 1.0 per cent to Dh703.89 ($191.5).
High demand was enough to outpace somewhat slowing supply growth and push a positive occupancy comparison. As a result, Dubai saw its first January increase in RevPAR since 2014.STR analysts note the year-over-year change in supply would be the lowest for any month since November 2012.
Additionally, demand was aided by a fast-rebounding Russia source market, especially in beachfront properties. – TradeArabia News Service
TTN is the most established trade publication in the Middle East distributed on a controlled circulation basis to members of the travel and tourism industry.
Published monthly by Al Hilal Publishing and Marketing Group, the region’s foremost trade publisher, TTN is aimed at professionals in the industry, from travel agents to airline and hotel personnel.
TTN provides in-depth and extensive coverage of relevant issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and promotional campaigns are presented in an innovative and striking colour tabloid.
Every issue also contains a collation of international and regional news and topical features of interest to readers.