STR: Preliminary January data for Abu Dhabi hotels
 
STR: Preliminary January data for Abu Dhabi hotels
13 FEBRUARY 2017 8:13 AM

Preliminary January 2017 data for Abu Dhabi shows the market experienced a 1.4% occupancy decline to 74.2%, a 10% ADR decrease to 465.80 Emirati dirham ($126.82) and an 11.2% drop in RevPAR to 345.68 Emirati dirham ($94.12).

LONDON—STR’s preliminary January 2017 data for Abu Dhabi, United Arab Emirates, indicates sharp rate declines.

Based on daily data from January, Abu Dhabi reported the following in year-over-year comparisons:

  • Supply: +3.9%
  • Demand: +2.4%
  • Occupancy: -1.4% to 74.2%
  • Average daily rate (ADR): -10.0% to AED465.80
  • Revenue per available room (RevPAR): -11.2% to AED345.68

STR analysts note that Abu Dhabi’s ADR levels were once again pressured by supply growth in the market. However, the market’s hotels did record a significant uptick in RevPAR (+23.6%) on the last day of the month, mainly due to the Global Space Congress (31 January-1 February). Occupancy around the event reached 90.2% on 30 January and 89.8% on 31 January.

STR will release actual January 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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