After the occupancy rate exceeded the previous rates for "Corona"

STR: Dubai hotels perform better during Ramadan than pre-pandemic levels

The average price of a hotel room in Dubai was recorded during Ramadan 2021, about 500 dirhams, compared to 400 dirhams in Ramadan 2019. Archives

The STR Foundation, which specializes in hotel research and consultancy, reported that hotel establishments operating in the Emirate of Dubai achieved strong performance rates during last Ramadan, after the hotel occupancy rate exceeded pre-Corona pandemic levels.

In its latest briefing, the Foundation stated that the hotel market in Dubai recorded occupancy rates of 52% during Ramadan 2021, compared to 46% in Ramadan 2019, 45% in Ramadan 2018, and 44% in Ramadan 2017, noting that despite the pandemic, the market registered Hotel is its best performance according to the latest data.

Prices

"STR" indicated that the average hotel room price, during Ramadan 2021, was about 500 dirhams, compared to about 400 dirhams in Ramadan 2019, before the "Covid-19" pandemic, which represents an increase of about 25%, pointing to better occupancy rates. During the weekends.

The corporation added that price levels began to improve since November 2020, compared to the first months of the Corona pandemic, while performance improved in various indicators during January and February 2021, noting that beach hotels generally recorded better performance rates in the hotel market.

Excellence

The Corporation stated that the main markets in the Middle East have surpassed their global counterparts, pointing out that occupancy levels for a month are another good indicator for the industry to move forward, as the highest occupancy level in Ramadan in the Middle East was 53.1% during the week of May 10-16 Also, the main Middle East markets showed continuous improvement in performance from week to week due to Ramadan and Eid Al Fitr.

The highest rates

The Dubai hotel market recorded the highest room rates in three months during April, according to preliminary data from analysts at STR, which indicated that average daily rates and revenues per available room were the highest in Dubai since January 2021.

Occupancy averaged 59.7% in April, while the average room rate was 576.33 dirhams, while the average revenue per available room was 343.94 dirhams.

Power up

In the second half of this May, the capacity of all entertainment activities and facilities in Dubai was raised to 70%, in addition to raising the capacity of hotel rooms to 100%, while continuing to emphasize the need to adhere to the principle of social distancing and the need to wear a mask.

127.2 thousand hotel rooms in Dubai

By the end of last March, the number of hotel rooms in Dubai reached about 127,244 hotel rooms, within 712 hotel establishments.

The luxurious five-star hotel rooms accounted for 35% of the total volume of the hotel market in Dubai, after it reached 44 thousand and 11 hotel rooms within 132 hotel establishments, followed by the four-star hotel rooms by 28%, registered 35,484 rooms. Hotel among 163 properties.

Occupancy rates for Dubai hotels reached 52% during Ramadan 2021, compared to 46% in Ramadan 2019.

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