Dubai’s Hotel Industry Reported Its Highest Occupancy Level Since February

Aerial view of Dubai
Dubai’s Hotel Industry Reported Its Highest Occupancy Level Since February

Hotels in Dubai, United Arab Emirates, reported occupancy fell 37.6% to 45.4% in September, according to preliminary STR data. ADR declined 20.8% to 284.15 Emirati dirhams ($77.37), while RevPAR dropped 50.6% to 129.03 Emirati dirhams ($35.13).

Dubai’s hotel industry reported its highest occupancy level since February, according to preliminary September 2020 data from STR.

Year-over-year declines in the key performance metrics remained significant. Compared with September 2019:

• Occupancy: -37.6% to 45.4%
• Average daily rate (ADR): -20.8% to AED284.15
• Revenue per available room (RevPAR): -50.6% to AED129.03

Even with the year-over-year 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’s levels.

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