Both supply and demand increased 3.6 per cent and 5.5 per cent respectively during the month.
While Average daily rate (ADR) fell 0.6 per cent to Dh814.51 ($221.7), Revenue per available room (RevPAR) improved 1.0 per cent to Dh703.89 ($191.5).
High demand was enough to outpace somewhat slowing supply growth and push a positive occupancy comparison. 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. – TradeArabia News Service
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