Dubai Hotel Performance - Aug'15

Dubai is seeing a rise in hotel room supply, which has lowered average room rates. In August, average daily rates dropped 12.5 per cent year-on-year to Dh587.50, according to data from research firm STR Global. This, coupled with a 1.7 per cent decline in occupancy to 74.2 per cent, led revenue per available room to drop 13.9 per cent to Dh435.60.

Source: Reuters