According to preliminary September 2018 data from STR, Abu Dhabi's hotels reported occupancy dropped 7.4% to 67.4%, ADR dipped 1.9% to 339.02 Emirati dirhams ($92.31) and RevPAR fell 9.1% to 228.45 Emirati dirhams ($62.21).
STR’s preliminary September 2018 data for Abu Dhabi, United Arab Emirates, indicates supply outpacing demand.
Based on daily data from September, Abu Dhabi reported the following in year-over-year comparisons:
• Supply: +5.1%
• Demand: -2.6%
• Occupancy: -7.4% to 67.4%
• Average daily rate (ADR): -1.9% to AED339.02
• Revenue per available room (RevPAR): -9.1% to AED228.45
STR analysts note that year-over-year performance comparisons for September were negatively affected by an earlier Eid al-Adha in 2018.
STR will release full September results later this month.
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.