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. Via SyndiGate.info Copyright 2020 Al Hilal Publishing and Marketing Group ...read more...
CountryUnited Arab Emirates