STR Global releases preliminary June 2014 data for Dubai
STR Global’s preliminary June data for Dubai indicate positive revenue-per-available-room performance.
Based on daily data from June, Dubai reported:
•increases in supply (8.6%) and demand (2.6%);
•a 5.5% decline in occupancy to 75.0%;
•a 1.4% increase in average daily rate to AED658.12; and
•a 4.2% decline in RevPAR to AED493.68.
“Occupancy declined in June for the second month in a row, as demand growth slowed during one of the hottest months in the year and supply growth remained strong,” said Elizabeth Winkle, managing director of STR Global.
“ADR continued to grow, posting the highest levels of any June since 2008. However, such an increase was not able to fully offset the negative occupancy performance,” she added.
STR Global will release June 2014 results in two weeks. The May edition of the STR Global Hotel Market Forecast is now available.
STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America.
STR Global provides a single source of global hotel data covering daily and monthly performance data, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, STR Analytics and Hotel News Now.
For more info please contact:
Manager, Marketing & Analysis
Rachael Spann Urie
Director, Public Relations
Tel: +1 (615) 824 8664 ext. 3305
VP, Digital Media & Communications
Tel: +1 (615) 824-8664 ext. 3318