UAE – Mubasher: Revenue per available room (RevPAR) of hotels in the emirates of Dubai, Ras Al Khaimah, Sharjah, and Fujairah are likely to see a negative performance in 2019, while Abu Dubai hotels’ RevPAR is projected to grow slightly, according to Colliers MENA Hotel Market Forecast for June 2019.

In Dubai, hotel occupancy at the Dubai Creek and Festival City is likely to stand at 81% over the course of this year, with an average daily rate of $162 and RevPAR fell 7% year-on-year at $131, Colliers MENA said.

Sheikh Zayed Road and Dubai International Financial Centre (DIFC) is expected to see a 77% hotel occupancy this year, with an average daily rate of $142 and RevPAR declining 9% year-on-year.

Moreover, hotel occupancy at Palm Jumeirah may reach 79% in 2019, with an average daily rate of $400 and RevPAR is forecast to slash 6% from 2018.

Dubai Marina and Jumeirah Beach Residence are projected to witness hotel occupancy at 84% at an average daily rate of $225, with a RevPAR dropping 9% to $189 as compared to 2018.

 In Abu Dhabi, RevPAR at Abu Dhabi City is likely to rise slightly by 2% in 2019, with hotel occupancy standing at 73%, with an average daily rate of $100.

Additionally, RevPAR at Abu Dhabi Beach is projected to increase by 3%, with hotel occupancy standing at 66%, with an average daily rate of $223.

In Ras Al Khaimah, hotel occupancy could reach 66% this year, with an average daily rate of $156 and RevPAR to decrease 6% year-on-year.

As for the emirate of Sharjah, hotel occupancy is likely to stand at 66%, with an average daily rate of $68 and RevPAR to fall 10% as compared with last year.

Furthermore, RevPAR at hotels within the emirate of Fujairah may decline by 14%, with hotel occupancy reaching 58%, with an average daily rate of $99.