STR: Preliminary October data for Abu Dhabi hotels
 
STR: Preliminary October data for Abu Dhabi hotels
10 NOVEMBER 2017 8:21 AM

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 Contacts:

Alex Anstett
Media & Communications Coordinator
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

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