New STR figures reveal all-time lows for occupancy and revenue levels in the UAE during 2020
Average occupancy levels in the UAE throughout last year stood at 51.7 percent, down by nearly 30 percent on 2019, STR said.
Hotels in the UAE suffered their worst year on record as the coronavirus pandemic played havoc with the country’s tourism industry, new figures have confirmed.
Industry analysts STR has revealed the extent to which the virus hit occupancy levels and revenues across the UAE’s hospitality sector, with both performance indicators falling to their lowest mark in its database.
Source: Read Full Article