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.
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