Dubai hotel occupancy tops 90 percent for the first time since 2007
Here are the official figures on the state of the hotel market in Dubai during the World Expo 2020 as of March 2022:
Average cost per night: AED 891.46
Revenue per hotel room: AED 817.90
Like previous EXPOs: in Shanghai in 2010 and Milan in 2015, the end of the “mega-event” turned out to be the busiest for Dubai. Dubai hotels last reached 90% occupancy in March 2007, when the market was approximately 90,000 rooms down. In addition, the average room rate was the second after December 2021 — AED 948.56 per room per night on average, and market revenue per room was the highest since December 2015.
Interestingly, March occupancy was above 90% for 25 days, and peak a value of 96% was recorded on March 24th.