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Sharjah Sharjah

Sharjah Exceeded January Occupancy Averages

Sharjah hotel occupancy levels grew 5.5 percent during January compared to the same month in 2016, according to the latest report from STR, a firm that provides global data and analysis for the hotel industry.

At the same time, average occupancy levels across the UAE increased 0.5 percent during January, reaching 81 percent.

However, average room rates at hotels across the country fell eight percent in January, to AED712 (USD195) due to strong market growth in room supply.

STR had also reported that the overall hotel occupancy across the Middle East decreased 2.7 percent to an average occupancy level of 68.4 percent during January, while the average daily room rate fell 8.4 percent to USD178.