DUBAI EX­PE­RI­ENCES FIRST JAN­UARY GROWTH IN REVPAR SINCE 2014

HotelNews Middle East - - Regional News -

Dubai has ex­pe­ri­enced its first Jan­uary growth in REVPAR since 2014 ac­cord­ing to fig­ures re­leased by in­dus­try an­a­lysts STR.

High de­mand was enough to out­pace some­what slow­ing sup­ply growth and push a pos­i­tive oc­cu­pancy com­par­i­son,” said a spokesper­son.

“As a re­sult, Dubai saw its first Jan­uary in­crease in REVPAR since 2014. STR an­a­lysts note the year-over-year change in sup­ply would be the low­est for any month since Novem­ber 2012. ”

Ad­di­tion­ally, de­mand was aided by a fast-re­bound­ing Rus­sia source mar­ket, es­pe­cially in beach­front prop­er­ties.

Based on daily data from Jan­uary, Dubai re­ported the fol­low­ing in year-over-year com­par­isons:

• Sup­ply: +3.6%

• De­mand: +5.5%

• Oc­cu­pancy: +1.5% to 86.4%

• Av­er­age daily rate (ADR): -0.6% to AED814.51

• Rev­enue per avail­able room (REVPAR): +1.0% to AED703.89

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