Abu Dhabi's hotel market posted positive year-over-year performance in October, according to preliminary data from STR. Occupancy grew 12.7% to 80.9%, ADR increased 2.3% to 465.58 Emirati dirhams ($126.75) and RevPAR was up 15.3% to 376.88 Emirati dirhams ($102.60).
LONDON—STR’s preliminary October 2017 data for Abu Dhabi, United Arab Emirates, indicates high demand and strong performance growth.
Based on daily data from October, Abu Dhabi reported the following in year-over-year comparisons:
- Supply: +0.5%
- Demand: +13.2%
- Occupancy: +12.7% to 80.9%
- Average daily rate (ADR): +2.3% to AED465.58
- Revenue per available room (RevPAR): +15.3% to AED376.88
STR analysts point out that significant demand growth was helped by the World Skills competition, which was held 15-18 October. Occupancy was above 90% three times during the event, while ADR was more than AED500 each night.
STR will release full October 2017 results later this month.
Media & Communications Coordinator
+44 (0)207 922 1979
Director of Marketing, Research & Analysis
+44 (0)207 922 1965
The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at firstname.lastname@example.org.