The Abu Dhabi and Dubai resort industries recorded occupancy and common each day charge (ADR) that exceeded the 2019 Eid al-Fitr comparables, in keeping with preliminary information from STR.
When wanting on the Eid date (2 Could 2022) within the United Arab Emirates, Abu Dhabi’s resort occupancy reached 79.1%, which was 4.5% greater than 4 June 2019. Equally, Dubai’s occupancy got here in at 75.4%, which was 19.7% greater than the pre-pandemic comparable.
“This excessive efficiency is yet one more signal of restoration and demand momentum for the Center East,” stated Philip Wooller, STR’s senior director, Center East & Africa. “Whereas these key markets noticed greater occupancy ranges, in addition they posted room charges that have been in some instances almost double what was reported in 2019. Dubai, for instance, noticed charges over AED700, which was up from AED400 in 2019. Leisure-oriented areas within the UAE comparable to Ajman, Fujairah, and Ras Al-Khaimah additionally skilled super progress, with Ras Al-Khaimah posting room charges above AED1000 on 2 Could.”
Ajman and Fujairah lodges surpassed 2019 occupancy ranges, whereas Ras Al-Khaimah noticed barely decrease occupancy ranges than 2019. Regardless of the decline, Ras Al-Khaimah reported the best ADR degree among the many aforementioned markets (AED1022.20) on 2 Could, which was 47.7% higher than the pre-pandemic comparable.
STR gives premium information benchmarking, analytics and market insights for the worldwide hospitality trade. Based in 1985, STR maintains a presence in 15 nations with a company North American headquarters in Hendersonville, Tennessee, a global headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the main supplier of business actual property info, analytics and on-line marketplaces. For extra info, please go to str.com and costargroup.com.