Dubai hotels performance pulls closer to pre-Covid levels

Dubai’s hotel industry reported its highest performance levels in December 2020 since the start of the pandemic, according to preliminary data for the month from STR. 

Although down in year-over-year comparisons, Dubai’s three key performance metrics also pulled closer to pre-pandemic levels:  

Occupancy: 71 per cent ( down 10 per cent)

Average daily rate (ADR): AED608.92/$165.7 (down 9.1 per cent)

Revenue per available room (RevPAR): AED432.34/$117.6 (down 18.2 per cent)

Absolute ADR and RevPAR were the highest in Dubai since January, while occupancy was the market’s highest since February. When looking at daily data, Dubai’s best performing day was December 31: occupancy (82 per cent), ADR (AED1,364.63/$371.4) and RevPAR (AED1,119.25/$304.6). - TradeArabia News Service

Source: http://www.gdnonline.com/Details/912730