Preliminary February 2018 data from STR shows hotels in Abu Dhabi, United Arab Emirates, saw occupancy increase 5.1% to 81%, but ADR decreased 23.3% to 431.34 Emirati dirhams ($117.45) and RevPAR fell 19.4% to 349.20 dirhams ($95.09).
STR’s preliminary February 2018 data for Abu Dhabi, United Arab Emirates, indicates strong occupancy growth but lower rates due to difficult-to-match comparisons from 2017.
Based on daily data from February, Abu Dhabi reported the following in year-over-year comparisons:
- Supply: flat
- Demand: +5.1%
- Occupancy: +5.1% to 81.0%
- Average daily rate (ADR): -23.3% to AED431.34
- Revenue per available room (RevPAR): -19.4% to AED349.20
The absolute occupancy level would be the highest for a February in Abu Dhabi since 2009. The decline in ADR came as a result of an off year for the biennial International Defence Exhibition & Conference (IDEX), which will be held once again in 2019.
STR will release full February results later this month. The 2017 Global Hotel Study is now available.
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.