• STR Reports Dubai Hotel Performance Remained Steady in July   

STR;

Aligned with historical patterns, Dubai’s hotel industry reported lower performance than the month prior while recovery levels to 2019 remained steady, according to preliminary July 2022 data from STR.

  • Occupancy: 61.0%
  • Average daily rate (ADR): AED434.78
  • Revenue per available room (RevPAR): AED265.26

While ADR and RevPAR fell month over month, the metrics exceeded the 2019 comparables. Occupancy came in slightly under the July 2019 level (64.7%).

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.