STR: DUBAI HOTEL INDUSTRY CLOSED 2022 WITH HEALTHY PERFORMANCE (United Arab Emirates)
Dubai’s hotel occupancy came in lower than the pre-pandemic comparable, but average daily rate (ADR) once again pushed revenue per available room (RevPAR) far above 2019 levels, according to preliminary December 2022 data from STR. |
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STR: DUBAI HOTEL INDUSTRY CLOSED 2022 WITH HEALTHY PERFORMANCE (United Arab Emirates)
Dubai’s hotel occupancy came in lower than the pre-pandemic comparable, but average daily rate (ADR) once again pushed revenue per available room (RevPAR) far above 2019 levels, according to preliminary December 2022 data from STR. |
Category: Middle East - United Arab Emirates - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2023-01-13
- Occupancy: 76.6%
- Average daily rate (ADR): AED892.84
- Revenue per available room (RevPAR): AED684.03
The occupancy level was 2.0% below the 2019 comparable (78.2%), while ADR and RevPAR were 33.8% and 31.1% higher, respectively.
Occupancy was slightly ahead of 2019 in both October and November. ADR and RevPAR were well above pre-pandemic levels throughout the year.
December daily data shows Dubai’s highest performance was recorded on New Year’s Eve: occupancy (91.0%), ADR (AED1,765.51) and RevPAR (AED1,606.74).
With the exception of four days during the month, daily occupancy levels remained above 70%.
All of STR’s industry analysis can be found here.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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.
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