UAE hotels post best February occupancy levels for 9 years – Katar Investments

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UAE hotels post best February occupancy levels for 9 years

Figures reveal UAE occupancy averaged 84% last month, up 6% compared to Feb 2016

Hotels in the UAE recorded their highest February occupancy levels for nine years last month, according to new figures.

Data released by industry analysts STR showed that occupancy rose by 6 percent in February to 84 percent compared to the same month last year.

STR said the occupancy level was the highest for a February in the UAE since 2008.

The figures also showed that average daily rates (ADR), which have seen months of declines in Dubai and Abu Dhabi, rebounded by 1.4 percent last month to an average of AED714.04.

Revenue per available room, also known as RevPAR, also rose in February to an average of nearly AED600, representing an uplift of 7.5 percent.