UAE hotels record the highest occupancy rate since February 2020 in October

Hotel establishments operating in the local market recorded an occupancy rate of 52.7% during October. ■ Archives

The STR Foundation, which specializes in research and consulting, reported that the hotel market in the UAE recorded, last October, the highest level in occupancy rates and room revenues since February 2020, indicating that the three main performance measures (occupancy, revenue and daily rate) were higher compared to In the previous months.

The Foundation stated, in a report, that hotel establishments operating in the UAE market recorded an occupancy rate of 52.7% last October, while the average daily price of a hotel room reached about 362 dirhams, compared to revenues of 190 dirhams.

The performance of hotels in the Emirates outperformed many tourist markets around the world, including those in Australia, the United Kingdom, the Netherlands, and other prominent tourism markets.

According to the corporation, hotels operating in the Middle East recorded their highest absolute occupancy level since February, according to October 2020 data, at 44.2%.

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