Dubai hotels ADR hits 14-year low in July, according to STR data
Dubai's hospitality market saw a 6.3% Y-o-Y rise in supply and a 7.2% increase in demand in July, according to preliminary STR data. Occupancy rates rose by 90bps to an average of 66%. ADR fell by nearly 10% Y-o-Y to AED423.6, its lowest level since August 2004, while RevPAR declined by 8.8% to AED279.8.
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