Dubai hotel rates hit 6-year high in December 2021 – News

Hotels across the emirate had reached almost 90% occupancy and around 100% in the downtown and Burj Khalifa areas on New Year’s Eve.



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Published: Tue, Jan 11, 2022, 10:51 AM

Dubai‘s hospitality industry recorded its highest monthly rates since 2015, boosted by Expo 2020 and the holiday season, according to preliminary December 2021 data from STR.

Average daily rate (ADR) and revenue per available room (RevPAR) levels were the highest for any month since January 2015 and March 2015, respectively.

In December, Dubai’s hotel occupancy rate reached 78.2 percent, while the average daily rate stood at Dh956 and RevPAR at Dh747.28, STR said.

On December 31, the market‘s ADR hit Dh1,963.67, which was the highest for a day in STR’s Dubai database. While the market RevPAR reached Dh1,743.89 – the highest since December 31, 2015.

As reported by Khaleej times earlier, hotels in the emirate had reached nearly 90% occupancy and about 100% in the downtown and Burj Khalifa areas on New Year’s Eve. The occupancy level peaked on the night of the New Years in the downtown areas and Burj Khalifa which is the biggest attraction for the beautiful NYE fireworks.

The six-month-long Expo 2020 Dubai also saw a good influx of local and foreign visitors in December, reaching nine million visits in the first three months, as it attracted people from different countries around the world.

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In addition, the number of Covid-19 cases had also decreased significantly in December, reaching less than 50 in the first week of December, boosting the confidence of local and foreign tourists in the management of the pandemic.

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