WASHINGTON – 12 October 2023 – Dubai’s hotel industry posted its highest September occupancy since 2016, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
September 2023 (year-over-year % change):
- Occupancy: 77.6% (+10.0%)
- Average daily rate (ADR): AED457.21 (+2.7%)
- Revenue per available room (RevPAR): AED354.94 (+13.5%)
In addition to the high occupancy, ADR was Dubai’s highest for a September since 2017.
Daily data shows the highest occupancy levels during the last three days of the month, led by Friday, 29 September (93.1%) – The UAE’s public holiday marking Prophet Muhammad’s birthday. Dubai’s occupancy remained above the 70.0% mark throughout the month with the exception of three days.
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Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 78,000 properties and 10.3 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
