159% growth in estimated operating profit per available room during October 2021

STR: The profitability of Dubai hotels exceeds 2019 levels

The number of hotel rooms in Dubai reached 132.8 thousand rooms at the end of last September.

From the source

The STR Corporation, specialized in research and hotel consultancy, stated that the hotel market in Dubai achieved strong levels of performance last October, after the profitability rate recorded in the emirate's hotels exceeded the levels of October of the year 2019.

In a report obtained by "Emirates Today", the corporation stated that the estimated total operating profit for each room available in Dubai during October 2021 recorded a significant growth of about 159 percent compared to the levels of the same month in 2019.

She explained that the estimated average operating profit for each room available in Dubai amounted to $178 (about AED 653) during October, supported by high levels of demand with the hosting of the Expo 2020 events, in addition to the sports tournaments that the emirate witnessed in October.

The Foundation added that the revenues per available room, in turn, amounted to 316 dollars (about 1160 dirhams) during October, as the hotel market in Dubai recorded the highest prices for hotel rooms on a monthly basis since 2018.

And the corporation, in its recent monthly report, stated that the levels of the average price of a hotel room and the return on available room in Dubai were the highest since January 2018 and February 2018, respectively, while the occupancy level was the highest since January 2020.

The number of hotel rooms in Dubai, at the end of last September, reached 132,868 hotel rooms, among 726 hotel establishments, according to recent official data.

Five-star luxury hotel rooms accounted for 35% of the total size of the hotel market in Dubai, after it reached 45,776 hotel rooms within 137 hotel facilities, followed by four-star hotel rooms by 28%, registering 37,473 rooms. hotel within 168 properties.

Hotels classified between three stars and one star accounted for about 19% of the total size of the hotel market in Dubai, with a capacity of 24,990 hotel rooms within 236 hotel facilities.

The number of medium and luxury hotel apartment facilities reached 185, comprising 24,629 apartments, with hotel apartments acquiring 18% of the total hotel capacity in Dubai.

• Revenues for each available hotel room in Dubai amounted to 1160 dirhams last October.

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