Dubai’s hotel performance was up from the prior month, according to preliminary August 2021 data from STR.
- Occupancy: 58.4%
- Average daily rate (ADR): AED373.61
- Revenue per available room (RevPAR): AED218.32
Each of the three key performance metrics will come in lower than the pre-pandemic comparables from August 2019: occupancy (67.9%), ADR (AED380.68) and RevPAR (AED258.52). However, Dubai has been one of the top performing global markets ahead of Expo 2020.
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.