Dubai’s hotel industry posted its highest September occupancy since 2016, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

September 2023 (year-over-year % change):

  • Occupancy: 77.6% (+10.0%)
  • Average daily rate (ADR): AED457.21 (+2.7%)
  • Revenue per available room (RevPAR): AED354.94 (+13.5%)

In addition to the high occupancy, ADR was Dubai’s highest for a September since 2017.
Daily data shows the highest occupancy levels during the last three days of the month, led by Friday, 29 September (93.1%) – The UAE’s public holiday marking Prophet Muhammad’s birthday. Dubai’s occupancy remained above the 70.0% mark throughout the month with the exception of three days.For more information about the company and its products and services, please visit www.costargroup.com.