Dubai hotels register low occupancy, RevPAR, ADR in Q2 2019
Officials note that ADR and RevPAR levels were the lowest since 2003
The emirate had a slow start to the year with Q1 recording low performances and Q2 was no different.
The emirate recorded a drop in occupancy rates by 0.9% to 67.1%. ADR dropped by 12.3% to AED513.73($139.88), when compared to last year, while RevPAR decreased by 13.1% to AED344.65 ($93.84).
According to STR analysts, supply has now outgrown demand in Dubai for six consecutive quarters.
Officials note that occupancy levels "were the lowest for a Q2 in Dubai since 2009", while "ADR and RevPAR levels were the lowest since 2003".
June was the strongest month of the quarter with a 30.5% increase in demand, which helped monthly performance levels.