STR: Preliminary December data for Dubai hotels
LONDON—Dubai’s hotel industry reported its highest performance levels since the start of the pandemic, according to preliminary December 2020 data from STR.
Although down in year-over-year comparisons, Dubai’s three key performance metrics also pulled closer to pre-pandemic levels:
- Occupancy: 71.0% (-10.0%)
- Average daily rate (ADR): AED608.92 (-9.1%)
- Revenue per available room (RevPAR): AED432.34 (-18.2%)
Absolute ADR and RevPAR were the highest in Dubai since January, while occupancy was the market’s highest since February. When looking at daily data, Dubai’s best performing day was 31 December: occupancy (82.0%), ADR (AED1,364.63) and RevPAR (AED1,119.25).
All of STR’s COVID-19 analysis can be found here.
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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