World Economy

UAE Hotel Occupancy Dips

UAE Hotel Occupancy DipsUAE Hotel Occupancy Dips

Hotels operating in the UAE continued to see declines in occupancy and room rates during October, according to the latest data from industry consultants STR, Arabian Business reported. It said the UAE’s hospitality sector reported an occupancy dip of 2.9% during the month to 75.6%, while average daily rates dropped 9.6% to AED668.05 ($181.88), the lowest for an October since 2005. As a result, revenue per available room declined by 12.3% to AED505.34. STR said October was the 22nd consecutive month of year-over-year ADR decreases in the UAE.

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