STR: Preliminary Dubai hotel data for April
LONDON—Dubai’s hotel industry reported its highest room rates in three months, according to preliminary April 2021 data from STR.
- Occupancy: 59.7%
- Average daily rate (ADR): AED576.33
- Revenue per available room (RevPAR): AED343.94
Absolute ADR and RevPAR were the highest in Dubai since January. Occupancy, while significantly improved from pandemic lows, came in slightly lower than March. Throughout the April Ramadan period, daily occupancy remained in the 50% range.
Year-over-year percentage increases are substantial because of the comparison with the months most affected by the pandemic in 2020.
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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