Hotels in Dubai are forecast to post further double-digit declines in rates and revenues during April, according to new figures.
STR Global’s preliminary April 2016 data indicates falls in both average daily rates (ADR) and revenue per available room (RevPAR) when compared with the same month last year.
Based on daily data so far in April, Dubai hotels reported a 6.1 percent increase in supply and a 5.2 percent rise in demand.
The STR Global figures also showed that occupancy rates at hotels in Dubai are expected to fall marginally by 0.9 percent last month to 79.7 percent compared to April 2015.
Average daily rates are set to fall by 15.4 percent to AED771.74 while RevPAR is forecast to fall by more than 16 percent to AED615.12.
STR Global said in a statement that although Dubai reported overall performance declines, the Arabian Travel Market 2016 helped the market reach occupancy levels above 80 percent for five consecutive days near the end of the month.
Dubai said earlier this month that it welcomed 4.1 million overnight visitors in the first three months of 2016, a 5.1 percent increase over the same period last year.
The increase was backed by strong double digit growth from its top two proximity markets, the GCC and India, according to figures released by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism).
The GCC continued to be the destination’s leading feeder region, delivering 25 percent of all overnight visitation to Dubai in the first quarter.
Follow us on
