Dubai’s hotel industry reported its highest performance levels since the start of the pandemic, according to preliminary December 2020 data from STR. Although down in year-over-year comparisons, Dubai’s three key performance metrics also pulled closer to pre-pandemic levels:
- Occupancy: 71.0% (-10.0%)
- Average daily rate (ADR): AED608.92 (-9.1%)
- Revenue per available room (RevPAR): AED432.34 (-18.2%)
Absolute ADR and RevPAR were the highest in Dubai since January, while occupancy was the market’s highest since February. When looking at daily data, Dubai’s best performing day was 31 December: occupancy (82.0%), ADR (AED1,364.63) and RevPAR (AED1,119.25).