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Dubai Hotels Report Occupancy-Driven Performance Growth in January 2018

High demand was enough to outpace somewhat slowing supply growth and push a positive occupancy comparison. 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.

STR’s preliminary January 2018 data for Dubai, United Arab Emirates, indicates occupancy-driven performance growth. 

Based on daily data from January, Dubai reported the following in year-over-year comparisons: 

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

STR will release full January results later this month. The January edition of STR’s market forecast is now available.  

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.

Posted by on February 12, 2018.

Categories: Market Reports

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