Dubai hotels have outperformed holiday homes in the emirate, despite the number of listings increasing on Airbnb, Knight Frank said in a report.
"In general, hotels outperform the holiday homes market with the exception being summer months during which they are either on par or holiday home outperform," the report noted.
Hotel revenue per available room (RevPAR) continued to increase from late 2017 to early 2018 as holiday home RevPAR declined.
"Holiday homes have had a discernible impact on the hospitality market; however these affects are not felt universally within Dubai. In general, hotels outperform the holiday homes market with the exception being summer months during which they are either on par or holiday homes outperform," said Ali Manzoor, Partner, Hospitality and Leisure.
Currently, there are 10,766 active listings out of a total of 20,395 properties registered on Airbnb. Of the active listings last year, 61 percent were entire homes or apartments, 31 percent were private rooms and the remaining eight percent were shared rooms.
Dubai’s holiday home market accounts for two percent of the emirate's total households, the highest proportion of all other key global hub cities, Knight Frank added.
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