Preliminary data from CoStar reveals that Dubai’s hotel industry experienced its most robust September occupancy since 2016, showcasing a notable upward trend in key metrics.
In a year-over-year comparison for September 2023, occupancy surged impressively by 10.0%, reaching a substantial 77.6%. The Average Daily Rate (ADR) also saw an increase, standing at AED457.21, reflecting a growth of 2.7%. Revenue per available room (RevPAR) witnessed a remarkable spike, hitting AED354.94, marking a significant 13.5% increase.
Remarkably, alongside the high occupancy rates, ADR reached its peak for a September since 2017, indicating positive momentum in the Dubai hotel market.
Analyzing daily data, the pinnacle of occupancy levels was observed during the last three days of the month, with Friday, 29 September, leading the way at 93.1%. This surge in occupancy coincided with the UAE’s public holiday marking Prophet Muhammad’s birthday. Throughout the month, Dubai’s occupancy
More Stories
GIC Acquires 16 Marriott-Operated Hotels in Japan for About $800 Million Amid Tourism Boom
Spire Hospitality Launches AI-Driven Strategic Asset Performance Division for Hotel Owners
HVS: U.S. Hotel RevPAR Up Over 10% Mid-September as Nearly 1,000 Hotels Sold in H1 2026