August 2016 data for Dubai
STR’s preliminary August 2016 data for Dubai, United Arab Emirates, indicates mixed performance results.
Based on daily data from August, Dubai reported the following in year-over-year comparisons:
- increases in supply (+5.5 per cent) and demand (+9.2 per cent);
- a 3.4 per cent increase in occupancy to 76.1 per cent;
- a 10.2 per cent decrease in average daily rate (ADR) to AED515.22; and
- a 7.1 per cent decrease in revenue per available room (RevPAR) to AED392.03.
According to July figures from Visit Dubai, the market has seen year-to-date increases in visitors from each of its top four source markets: India (+9 per cent), Saudi Arabia (+5 per cent), Oman (+22 per cent) and the United Kingdom (+4 per cent).
STR analysts note that ADR has continued to decrease in the market as supply growth remains robust.
STR will release actual August 2016 results later this month. The August edition of STR’s Market Forecast is now available.
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