Market Report Abu Dhabi

Abu Dhabi Hotels Report 5.4 Percent RevPAR Drop for January 2016

While a drop in ADR pushed year-over-year RevPAR comparisons into negative figures, STR Global analysts see lower rate in the market as an indicator of strong and growing occupancy levels.

STR Global’s preliminary January 2016 data for Abu Dhabi, United Arab Emirates, indicates solid occupancy performance and lower rates.

Based on daily data from January, Abu Dhabi reported:

  • increases in supply (+4.0%) and demand (+5.3%);
  • a 1.3% increase in occupancy to 75.5%;
  • a 6.6% decrease in average daily rate to AED519.75; and
  • a 5.4% decrease in revenue per available room to AED392.44.

While a drop in ADR pushed year-over-year RevPAR comparisons into negative figures, STR Global analysts see lower rate in the market as an indicator of strong and growing occupancy levels. January occupancy was boosted in the beginning of the month by increased vacation travellers from Russia and other Commonwealth of Independent States. Abu Dhabi also hosted the World Future Energy Summit from 18-21 January.


About STR Global:

STR Global provides clients —including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, STR Analytics and Hotel News Now. For more information, please visit www.strglobal.com.



Logos, product and company names mentioned are the property of their respective owners.