Dubai hotel occupancy levels drop
Dubai, July 14, 2014
Dubai hotels experienced positive revenue-per-available-room performance during June despite a 5.5 per cent decline in occupancy, a report said.
There was an 8.6 per cent increase in supply and demand grew 2.6 per cent during the month, said the STR Global preliminary data for June.
Occupancy rate fell to 75 per cent during the month, the report said.
Hotels recorded a 1.4 per cent increase in average daily rate to Dh658.12; and a 4.2 per cent decline in RevPAR to Dh493.68, it said.
“Occupancy declined in June for the second month in a row, as demand growth slowed during one of the hottest months in the year and supply growth remained strong,” said Elizabeth Winkle, managing director of STR Global.
“ADR continued to grow, posting the highest levels of any June since 2008. However, such an increase was not able to fully offset the negative occupancy performance,” Winkle said. - TradeArabia News Service