Market Report Abu Dhabi

Abu Dhabi Hotels Report Significant Demand Growth for September 2019

Hotels in Abu Dhabi, United Arab Emirates, reported occupancy rose 8.3% to 72.9%, ADR increased 1.2% to 341.72 Emirati dirhams ($93.05) and RevPAR rose 9.6% to 249.03 dirhams ($67.81).
Sunset in Abu Dhabi - Photo by David Rodrigo on Unsplash
Abu Dhabi Hotels Report Significant Demand Growth for September 2019

STR’s preliminary September 2019 data for Abu Dhabi, United Arab Emirates, indicates significant growth in demand due to a strong events calendar.

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

• Supply: +4.2%
• Demand: +12.9%
• Occupancy: +8.3% to 72.9%
• Average daily rate (ADR): +1.2% to AED341.72
• Revenue per available room (RevPAR): +9.6% to AED249.03

STR analysts note that the market’s largest daily increase in occupancy (+33.1%) and the second-highest daily jump in RevPAR (+37.3%) occurred on 7 September, the day of the Khabib vs. Poirer UFC fight. Other events helped overall performance during the month as well: InnoPack 2019 and CPhI Middle East and Africa (both held 16-18 September), and the 79th FIP World Congress of Pharmacy and Pharmaceutical Sciences (22-26 September).

STR will release full September 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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