STR: Preliminary May data for Abu Dhabi hotels
 
STR: Preliminary May data for Abu Dhabi hotels
11 JUNE 2020 8:59 AM

Hotel occupancy in Abu Dhabi, United Arab Emirates, rose 5.7% to 55.2% in May, according to preliminary monthly data from STR. ADR declined 26.3% to 251.40 Emirati dirhams ($68.45) and RevPAR fell 22.1% to 138.88 dirhams ($37.82).

LONDON—Abu Dhabi’s hotel industry reported improved but still relatively low performance levels, according to preliminary May data from STR.

Compared with May 2019:

• Occupancy: +5.7% to 55.2%
• Average daily rate (ADR): -26.3% to AED251.40
• Revenue per available room (RevPAR): -22.1% to AED138.88

The 55.2% occupancy level was up from April 2020 (47.3%) and represented the market’s first year-over-year increase in the metric since November 2019. STR analysts note, however, that May was the market’s lowest occupancy month in 2019, which created a low comparison base.

ADR and RevPAR were also up from April 2020, which was the month the market was most affected by restrictions around the COVID-19 pandemic.

All of STR’s COVID-19 analysis can be found here.

About STR
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
International Media Contact

Rebeca Vélez Mínguez
Communications Executive
rvelezminguez@str.com
+44 (0)203 890 0056 ext. 0056

General Media Inbox
media@str.com

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 Editorial Director Stephanie Ricca at sricca@hotelnewsnow.com.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.