The Abu Dhabi and Dubai lodge industries recorded occupancy and common each day charge (ADR) that exceeded the 2019 Eid al-Fitr comparables, in accordance with preliminary knowledge from STR.
When wanting on the Eid date (2 Might 2022) within the United Arab Emirates, Abu Dhabi’s lodge occupancy reached 79.1%, which was 4.5% increased than 4 June 2019. Equally, Dubai’s occupancy got here in at 75.4%, which was 19.7% increased than the pre-pandemic comparable.
“This excessive efficiency is yet one more signal of restoration and demand momentum for the Center East,” stated Philip Wooller, STR’s senior director, Center East & Africa. “Whereas these key markets noticed increased occupancy ranges, in addition they posted room charges that had been in some circumstances practically double what was reported in 2019. Dubai, for instance, noticed charges over AED700, which was up from AED400 in 2019. Leisure-oriented areas within the UAE reminiscent of Ajman, Fujairah, and Ras Al-Khaimah additionally skilled super progress, with Ras Al-Khaimah posting room charges above AED1000 on 2 Might.”
Ajman and Fujairah motels surpassed 2019 occupancy ranges, whereas Ras Al-Khaimah noticed barely decrease occupancy ranges than 2019. Regardless of the decline, Ras Al-Khaimah reported the very best ADR degree among the many aforementioned markets (AED1022.20) on 2 Might, which was 47.7% higher than the pre-pandemic comparable.
About STR
STR gives premium knowledge benchmarking, analytics and market insights for the worldwide hospitality trade. Based in 1985, STR maintains a presence in 15 nations with a company North American headquarters in Hendersonville, Tennessee, a world headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the main supplier of business actual property data, analytics and on-line marketplaces. For extra data, please go to str.com and costargroup.com.