#Dubai hotels report lower occupancy, room rates in December

Dubai hotels report lower occupancy, room rates in December:

The entry of new keys in Dubai’s hotel market pressured occupancy and room rates in December, preliminary data from industry monitor STR show.

“The story remains the same for Dubai. Demand (room nights sold) continues to grow, but an influx of new inventory is pressuring occupancy and ADR levels,” the London-based group said.

For the month, average occupancy rate in Dubai hotels dipped 2.7 percent to 79.2 percent while average daily rate (ADR) went down 4.3 percent to 758.80 dirhams.