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Hotel occupancy in Dubai reached a high of 91% on New Year’s Eve, data analytics firm STR said in its preliminary December 2022 report.
The average daily rate (ADR) reached 1,765.51 UAE dirhams ($480.67), while revenue per available room (RevPAR) stood at 1,606.74 UAE dirhams on the final day of 2022, the data showed.
However, STR said that overall occupancy stood at 76.6% in December 2022, with ADR at 892.84 UAE dirhams and RevPAR at 684.03 UAE dirhams.
The December occupancy level was 2% below the 2019 comparable (78.2%), but ADR and RevPAR rose 33.8% and 31.1%, respectively.
ADR and RevPAR were well above pre-pandemic levels throughout the year, STR stated.
(Editing by Seban Scaria seban.scaria@lseg.com )