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STR: Preliminary September data for Dubai hotels

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LONDON—Dubai’s hotel industry reported its highest occupancy level since February, according to preliminary September 2020 data from STR.

Year-over-year declines in the key performance metrics remained significant. Compared with September 2019:

  • Occupancy: -37.6% to 45.4%
  • Average daily rate (ADR): -20.8% to AED284.15
  • Revenue per available room (RevPAR): -50.6% to AED129.03

Even with the year-over-year declines, September was Dubai’s second consecutive month with occupancy above 40.0% (August: 41.0%). ADR and RevPAR, while substantially improved from pandemic lows, were lower than August’s levels.

All of STR’s COVID-19 analysis can be found here.

About STR
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.

International Media Contact
Rebeca Vélez Mínguez
Communications Executive

rvelezminguez@str.com
+44 (0)203 890 0056 ext. 0056

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