Dubai's  hospitality sector reported declines across key performance metrics in October with the steepest fall recorded in revenue per available room (RevPAR), which fell 12 per cent to Dh598.09 ($162.7) year-on-year, said a report.

Average daily rate (ADR) dropped 10.3 per cent to Dh767.58 ($208.9) and occupancy levels slipped 2 per cent to 77.9 per cent, said a preliminary report released by STR, a hotel data benchmarking company.

According to the report, the absolute occupancy level would be the lowest for an October in Dubai since 2011. STR analysts note that demand from the annual Gulf Information Technology Exhibition (GITEX), held from October 16-20, was outweighed by continued supply growth in place for Expo 2020 Dubai.

Additionally, the report also noted that supply and demand in Dubai continued to grow in October 2016, going up 6 per cent and 3.9 per cent respectively. - TradeArabia News Service