Dubai sees 2% occupancy fall in October

A preliminary October 2016 performance data report by STR has indicated Dubai experienced a 2% occupancy decrease to 77.9%. The research also showed a 10.3% ADR decrease to AED 767.58 (US $208.97) and a 12% RevPAR decrease to AED 598.09 ($162.83).

Dubai sees 2% occupancy fall in October.

The report indicated performance declines were consistent with significant supply growth.

Based on daily data from October, Dubai reported increases in supply of 6.0% and demand of 3.9% in year-on-year comparisons.

The absolute occupancy level was reported to be the lowest for an October in Dubai since 2011.

STR will release actual October 2016 results later this month.

Read the full article here.