Dubai hotels report occupancy growth in January 2018

Dubai hotels report occupancy growth in January 2018
Dubai reported a positive January 2018.
Published: 13 February 2018 - 2:58 a.m.
By: Devina Divecha

According to preliminary STR data, hotels in Dubai, United Arab Emirates, reported occupancy-driven performance growth.

The data shows that in January 2018, occupancy rose 1.5% to 86.4%, while ADR declined 0.6% to AED 814.51 (US$221.79) and RevPAR increased 1% to AED 703.89 ($191.67).

Both supply and demand increased in comparisons to last year, with supply up by 3.6% and demand increasing by 5.5%.

High demand was enough to outpace somewhat slowing supply growth and push a positive occupancy comparison, reported STR. 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 growth was also pushed by a fast-rebounding Russia source market, especially in beachfront properties.

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