STR have revealed their preliminary November 2019 data for Dubai which has shown strong demand but a decrease in rates.
Based upon data recorded daily throughout November, Dubai reported the following comparisons on a year-over-year basis:
- Supply: +8.8%
- Demand: +8.9%
- Occupancy: +0.1% to 84.4%
- Average daily rate (ADR): -9.3% to AED610.19
- Revenue per available room (RevPAR): -9.2% to AED515.01
From these results, supply and demand grew at a healthy pace throughout. STR analysts have made note that the current competitiveness in the industry is creating significant pressure on hoteliers to keep ADR in line.
Interestingly, RevPAR growth reached double figures during the Dubai Airshow (17-21 November).
The full November results will be revealed in due course.
