STR reports that hotel rates in Dubai hit their highest level in six years in December
Buoyed by Expo 2020 and the holiday season, Dubai’s hospitality industry recorded its highest monthly rates since 2015, according to preliminary December 2021 data from STR.
- Occupancy: 78.2%
- Average Daily Rate (ADR): AED 956.01
- Revenue per available room (RevPAR): AED 747.28
The market’s absolute ADR and RevPAR levels were the highest of any month since January 2015 and March 2015, respectively.
As of December 31, the market’s ADR (AED 1,963.67) was the highest for a day in STR’s Dubai database, while the market’s RevPAR (AED 1,743.89) was the highest since December 31, 2015 (AED 1,768.85).
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.