Dubai hotel rates hit their highest in 6 years in December 2021

Dubai’s hospitality industry reported its highest monthly rates since 2015, increased by Expo 2020 and the holiday season, according to preliminary data from December 2021 from STR.

The average daily rate (ADR) and revenue per available room (RevPAR) levels were the highest for all months since January 2015 and March 2015, respectively.

In December, Dubai hotel occupancy rate reached 78.2%, while the average daily rate was Dh956 and RevPAR at Dh747.28, STR said.

On December 31st, the market’s ADR reached Dh1963.67 which was the highest for a day in STR’s database in Dubai. While the market reached Dh 1,743.89 – the highest since December 31, 2015.

As reported by Khaleej weather Earlier, hotels in the emirate had reached almost 90% occupancy and around 100% in the downtown and Burj Khalifa areas on New Years Eve. The occupancy level peaked on New Year’s Eve. An in the downtown and Burj Khalifa neighborhoods, which is the biggest attraction for NYE’s magnificent fireworks display.

The six-month Expo 2020 Dubai also saw a good turnout from local and foreign visitors in December, reaching nine million visits in the first three months as it attracted people from different countries around the world.

In addition, the number of Covid-19 cases had also declined significantly in December, reaching less than 50 in the first week of December, boosting the confidence of local and foreign tourists in handling the pandemic.

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