Thursday, May 23, 2024

21.3% growth in general occupancy index for Dubai hotels in April

Date:

STR Corporation, which specializes in research and consulting, revealed that the hotel market in Dubai recorded strong performance levels last April in conjunction with the Eid al-Fitr holiday. % compared to previous period. Same as last year.

The company said in its monthly report that the average income for April 2023 recorded a growth of 15.6% compared to the same period of the previous year, reaching about 536 dirhams, while the average daily price decreased to 751 dirhams. He pointed out that demand for the hotel market in Dubai coincides with the April holiday season.

The company reported that the highest occupancy level in the hotel market in the emirate was recorded on Saturday, April 22 at around 90.1% and the daily revenue per available room for the month reached AED 707.03.

He said the average daily price for an available room reached its peak during the period April 4 to 11, with a common measure of daily room rates reaching 800 dirhams, coinciding with the Easter holiday. Major export markets to the emirate, such as the United Kingdom, contributed to record this high performance during the period.

In general, the corporation confirmed that occupancy levels in the Dubai hotel market remained above 80% since April 21, indicating a strong performance by Emirate Hotels.

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Bill Dittman
Bill Dittman
"Freelance alcohol fan. Coffee maven. Musicaholic. Food junkie. Extreme web expert. Communicator."

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