Dubai records 80% hotel occupancy rate and 2,780 new rooms in 2013

Even after witnessing an influx of almost 3,000 new hotel rooms, Dubai managed to maintain a “healthy” occupancy rate of 80% in 2013.

Summary

• Dubai hotels recorded an occupancy of 80% in 2013
• The Emirate welcomed almost 3,000 new four and five-star rooms into the hospitality market in 2013
• Mild winter weather largely attributable to boost in tourism market

Hotels across Dubai recorded an impressive occupancy rate of 80% in 2013, even with an influx of almost 3,000 new rooms in the hospitality market.

According to a report by Ernst and Young (EY), the hospitality sector in Dubai showed the strongest performance in the GCC (Gulf Cooperation Council) region.

High occupancy rates were maintained despite the addition of thousands of new rooms to the supply chain in 2013.

Referring to the 2,780 new four and five-star hotel rooms which were incorporated into the Emirate’s supply last year, Yousef Wahbah, MENA Head of Transaction Real Estate at EY said that Dubai’s market had “rapidly absorbed this influx” whilst maintaining a “healthy occupancy” rate.

Average daily rates (ADR) also witnessed an increase of 6.4% between 2012 and 2013, resulting in an overall RevPAR (revenue per available room) of $223 in 2013, marking an increase of 5.9% compared to 2012.

Figures show a similar state of affairs in Abu Dhabi, where hotels posted a 12.8% increase to 73.4% in 2013.

Mr Wahbah said that the mild winter weather was behind the UAE’s “stable occupancy rates and increases in RevPAR” in December 2013.

via:http://www.selectproperty.com/2014/02/dubai-records-80-hotel-occupancy-rate-2780-new-rooms-2013/