Market Report Abu Dhabi

Abu Dhabi Hotels Report 29.1 Percent RevPAR Increase for February 2019

According to preliminary February 2019 data from STR, Abu Dhabi hotels reported occupancy dipped 1.9% to 79.2%, but a 31.6% ADR boost to 565.07 Emirati dirhams ($153.87) drove RevPAR up 29.1% to 447.46 dirhams ($121.84).
Sunset in Abu Dhabi - Photo by David Rodrigo on Unsplash
Abu Dhabi Hotels Report 29.1 Percent RevPAR Increase for February 2019

STR

STR’s preliminary February 2019 data for Abu Dhabi, United Arab Emirates, indicates lower occupancy but significantly higher room rates.

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

• Supply: +9.3%
• Demand: +7.2%
• Occupancy: -1.9% to 79.2%
• Average daily rate (ADR): +31.6% to AED565.07
• Revenue per available room (RevPAR): +29.1% to AED447.46

STR analysts note the year-over-year increases in ADR and RevPAR were mainly driven by Pope Francis’ visit to Abu Dhabi (3-5 February) and the 2019 International Defence Exhibition & Conference (17-21 February). A jump in rates were seen during the seven-day period surrounding IDEX.

STR will release full February results later this month.

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.



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