New figures show Dubai hotels are leading the way after recording an average occupancy of over 80 per cent in October.
Average occupancy rates across hotels in the UAE rose to their highest October level since 2015, it has been revealed. The average occupancy rate rose to 78.8 per cent, with Dubai recording the highest occupancy rate of 80.7 per cent.
In the year-to-date to October, Ajman recorded a 77.9 per cent occupancy rate, the highest of all the emirates, according to data published by CBRE. Year to date, hotels in Dubai, Fujairah and Ajman recorded increases in average daily rates (ADR) of 14.9 per cent, 13.8 per cent and 3.9 per cent respectively. Overall, the UAE has seen its ADR increase by 13.6 per cent.
According to CBRE, during the same period Abu Dhabi and Sharjah were the only
UAE markets to see ADR declines, with rates falling by 1.5 per cent and 0.5 per
cent respectively. Revenue per available room (RevPAR) across the UAE rose by
44.9 per cent year-on-year in the year to date to October, CBRE added.
