Expo 2000 raised Dubai hotel rates to their highest level in three years in October

Buoyed by the opening of Expo 2020, Dubai’s hospitality industry reported its highest monthly rates since 2018, according to preliminary October 2021 data from STR.

Expo 2000 raised Dubai hotel rates to their highest level in three years in October

Buoyed by the opening of Expo 2020, Dubai’s hospitality industry reported its highest monthly rates since 2018, according to preliminary October 2021 data from STR.

  • Occupancy: 81.6%
  • Average Daily Rate (ADR): AED 776.62
  • Revenue per available room (RevPAR): AED 633.66

The market’s absolute ADR and RevPAR levels were the highest of any month since January 2018 and February 2018, respectively, while the occupancy level was the highest since January 2020.

STR provides premium benchmarking data, analysis and market insights for the global hospitality sectors. Founded in 1985, STR operates in 15 countries with North American headquarters in Hendersonville, Tennessee, international headquarters in London, and Asia-Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of online commercial real estate information, analysis and marketplaces. For more information, please visit str.com and costargroup.com.

The logos, product and company names mentioned are the property of their respective owners.

© 2022 Hotel News Resource


Source link