Overview
- Preliminary CoStar data show January ADR rose 10.4% year over year to AED846.34 and RevPAR increased 9.9% to AED720.98.
- Monthly occupancy registered 85.2%, down 0.5 percentage points from a year earlier.
- Occupancy peaked at 95.5% on January 28 during the WCO Technology Conference & Exhibition overlapping the IBA Arbitration Day.
- The World Energy Summit on January 13 drove occupancy to 94.6% with ADR reaching AED931.21.
- Concerts by Ludovico Einaudi, Lewis Capaldi, Ricky Martin, and Linkin Park supported demand, with occupancy above 80% on all but six nights.