DUBAI: The Dubai hotel industry recorded 90 percent occupancy in March, for the first time since 2007, driven by new demands due to Dubai Expo 2020, STR data revealed.
The city’s occupancy levels crossed 90 percent during the final days of the mega event, reaching its peak of 96 percent on March 24, while staying higher than 90 percent for 25 days during the month.
This also helped hotels improve their average daily rates and revenue per available room, with ADR reaching the second-highest level of the pandemic era to 891.46 dirhams ($242.71) and RevPAR climbing to 817.90 dirhams, which is the highest since December 2015.
