“STR”: Dubai hotel revenues and prices are the highest since 2018 with the support of “Expo”

The STR Corporation, which specializes in research and consultancy, stated that the hotel market in Dubai recorded the highest average room rates since 2018, coinciding with the activities of Expo 2020 Dubai.

According to preliminary data for the month of October, STR stated in its report that the average hotel occupancy in Dubai amounted to about 81.6%, noting that the high demand was reflected in the average available room price, which amounted to about 776 dirhams.

According to the institution's data, which "Emirates Today" obtained a copy of, the average return per room reached 633 dirhams during October 2021.

The institution added that the levels of the average hotel room rate and the return on available room were the highest since January 2018 and February 2018, respectively, while the occupancy level was the highest since January 2020.

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