Hotel performance in Dubai enhanced last month, urged by cooler temperatures and the return of business in the city.
Rental edged up 0.3% to 76.3%, and average daily rate (ADR) declined by 4% to Dh671.87, resulting in profits for every available room falling 3.7% to Dh512.83.
In the meantime, supply and demand increased by 7.4% and 7.8% correspondingly. Supply and demand for Dubai improves, while both high kept pace with one another; hence, the city was competent to keep the similar rental levels as the year before.
In August, Dubai’s hotel occupancy climbed 2.1% to 75.1%, while ADR in the emirate dropped 5.7% to Dh682.21, and as a result, room rates declined 3.7% to Dh512.25.
Since June 2013, over 7,000 rooms have been increased in the emirate, bringing the total number to 88,680 across 634 assets, according to the information released by Dubai’s Department of Tourism and Commerce Marketing.