Dubai: Hotels in Dubai demonstrated positive growth across most key metrics in October.
According to consultancy STR Global’s preliminary data, hotel revenues were up 6.6 per cent to Dh899.36, while average daily rate climbed 7.4 per cent to Dh1,096.82.
Meanwhile, occupancy dropped 0.7 per cent to 75.3 per cent. Also, supply grew by 7.4 per cent and demand went up 6.7 per cent.
“Occupancy growth for Dubai remained flat as expected due to supply outpacing demand this month. In spite of this slight imbalance, Dubai recorded the highest ADR [average daily rate] since the economic downturn in 2008, maintaining the positive trend in 2013 for this measure,” Elizabeth Winkle, managing director of STR Global, said.