STR’s preliminary April 2017 data for Abu Dhabi, United Arab Emirates, indicates occupancy growth and lower room rates.
Based on daily data from April, Abu Dhabi reported the following in year-over-year comparisons:
- Supply: +5.5%
- Demand: +7.3%
- Occupancy: +1.7% to 77.6%
- Average daily rate (ADR): -8.8% to AED452.42
- Revenue per available room (RevPAR): -7.2% to AED351.27
Performance in the market remained consistent with significant growth in both supply and demand. STR will release actual April 2017 results later this month.
STR will release actual April 2017 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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