Dubai hotel occupancy hit 15-year high in March

Hotel occupancy in Dubai reached a 15-year high last month on the back of Expo 2020. Dubai’s hotel industry reported 90 per cent or better occupancy in any given month for the first time since 2007 in March, driven by the final weeks of Expo 2020, which concluded on March 31.

Expo 2020 Dubai recorded over 24 million visits during the six-month-long event and welcomed 192 countries. A recent report commissioned by the Dubai Chamber of Commerce found that 76.5 per cent of companies in Dubai said Expo 2020 Dubai boosted business growth, while 73.5 per cent entered into new partnerships.

According to STR, occupancy level reached 91.7 per cent in March while average daily rates hit Dh891.46 and revenue per available room (RevPAR) at Dh817.9.

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