In conjunction with Eid Al Fitr, the performance of Abu Dhabi and Dubai hotels exceeds 2019 levels

The STR Corporation, specialized in research and hotel consultancy, stated that the hotel market in Abu Dhabi and Dubai recorded strong performance levels during this May, coinciding with the Eid Al-Fitr holiday 2022, in terms of occupancy rates and the average price of a hotel room.

Occupancy and price

In a report, the Foundation stated that both occupancy rates and room rates exceeded the levels recorded during the Eid Al-Fitr holiday for 2019, according to preliminary data.

She explained that the occupancy rate in Abu Dhabi hotels during the Eid Al Fitr holiday on the second of this May amounted to 79.1%, an increase of 4.5% compared to the fourth of June 2019 (coinciding with the Eid holiday), and the occupancy rate in Dubai hotels reached 75.4%, which is higher by 19.7 % during the same comparison period, that is, before the "Covid-19 pandemic".

rebound sign

“This high performance is another sign of recovery and demand momentum in the Middle East,” said Philip Waller, Senior Director of STR in the Middle East and Africa. Room rates were in some cases almost double what they were recorded in 2019.”

He added, "Dubai, for example, witnessed rates exceeding 700 dirhams for the average room rate, compared to about 400 dirhams in 2019".

Waller pointed out that other entertainment destinations in the Emirates, such as Ajman, Fujairah and Ras Al Khaimah, have also witnessed tremendous growth, with Ras Al Khaimah recording room prices that exceeded the level of 1,000 dirhams on May 2, 2022.

Ras al-Khaimah hotels

In the report, the Foundation stated that occupancy rates in Ajman and Fujairah hotels exceeded occupancy levels for 2019, while Ras Al Khaimah witnessed a slight decrease in occupancy levels compared to 2019.

She explained that despite this decline, Ras Al Khaimah recorded the highest average market price level among the above-mentioned markets (1022 AED) on May 2, 47.7% better compared to pre-pandemic rates.

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