UAE Makes Continued Push in Hotel Development

It's been a boom time for the hotel industry in the United Arab Emirates, as recent news items in Skift's Daily Lodging Report have recently shown.

STR has given preliminary data on Dubai’s hotel results for December. Dubai’s hotel occupancy was lower than the pre-pandemic comparison level, but the average daily rate pushed revenue per available room, a key industry metric, above 2019 levels. STR, the benchmarking service owned by CoStar, Occupancy averaged 76.6% while average daily rate (ADR) was about $243 or 892.84 Emirati Dirhams. The occupancy was -2% below December 2019 but ADR was 33.8% and revenue per available room was 31.1% higher.

In its last report for the UAE, STR was tracking more than 200,000 existing rooms with an active pipeline of n