UAE hotel occupancy rises to 62% in March, STR says
UAE hotel occupancy rises to 62% in March, STR says
Hotels in the UAE recorded a surge in occupancy rates during March, extending growth seen in 2020 into the first quarter of this year, as the economy rebounds from the Covid-19 pandemic.
The UAE's hotel occupancy rate rose to 62 per cent in March, up from 59.5 per cent in February, according to hospitality data and analytics specialist STR.
"Although 2020 was a difficult year, the market ended the year with an occupancy above 50 per cent, which was a fine job in moving the occupancy line in the right direction.