"STR": With the support of "Expo 2020 Dubai"
Dubai's highest hotel rates since 2018
The high demand was reflected in the average available room rate in Dubai.
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Average hotel room rate and return on available room levels are the highest since January 2018. Archive
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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 last 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 the month of 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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