STR: Abu Dhabi and Dubai hotels exceeded 2019 Eid al-Fitr performance

LONDON—The Abu Dhabi and Dubai hotel industries recorded occupancy and average daily rate (ADR) that exceeded the 2019 Eid al-Fitr comparables, according to preliminary data from STR.

When looking at the Eid date (2 May 2022) in the United Arab Emirates, Abu Dhabi’s hotel occupancy reached 79.1%, which was 4.5% higher than 4 June 2019. Similarly, Dubai’s occupancy came in at 75.4%, which was 19.7% higher than the pre-pandemic comparable.

“This high performance is yet another sign of recovery and demand momentum for the Middle East,” said Philip Wooller, STR’s senior director, Middle East & Africa. “While these key markets saw higher occupancy levels, they also posted room rates that were in some cases nearly double what was reported in 2019. Dubai, for example, saw rates over AED700, which was up from AED400 in 2019. Leisure-oriented areas in the UAE such as Ajman, Fujairah, and Ras Al-Khaimah also experienced tremendous growth, with Ras Al-Khaimah posting room rates above AED1000 on 2 May.”

Ajman and Fujairah hotels surpassed 2019 occupancy levels, while Ras Al-Khaimah saw slightly lower occupancy levels than 2019. Despite the decline, Ras Al-Khaimah reported the highest ADR level among the aforementioned markets (AED1022.20) on 2 May, which was 47.7% better than the pre-pandemic comparable.

About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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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