Dubai’s hotel industry reported its highest occupancy level since February, according to preliminary September 2020 data from STR, a leading provider of market data on the hotel industry worldwide.
Year-over-year declines in the key performance metrics remained significant, STR said in its report.
Occupancy levels increased to 45.4% in September 2020 as against a decline of 37.6% during the same month of 2019.
Average daily rate (ADR) reached AED284.15 ($77.4) during the month, down 20.8% compared to September 2019, while revenue per available room (RevPAR) touched AED129.03, down 50.6% year-on-year (YoY).
Even with the YoY 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 levels. –
Source: TradeArabia News Service
- Home
-
Blog
- Belgian contractor Besix, in a consortium with global...
- Saudi Arabia unveils plans for $1 trillion 'City of the...
- Saudi Arabia leads GCC with 77% growth in project contract...
- Moody’s predict Saudi economy to grow at 3.9% in the next...
- Dubai’s non-oil economy jumps to three-year high in June...
- Zie de hele blog
- Newsletter
- Success Stories
- Onze Diensten
- Getuigenissen
- Franchise
- DVD
- Contact