Abu Dhabi's hotel market posted positive year-over-year performance in October, according to preliminary data from STR. Occupancy grew 12.7% to 80.9%, ADR increased 2.3% to 465.58 Emirati dirhams ($126.75) and RevPAR was up 15.3% to 376.88 Emirati dirhams ($102.60).
STR’s preliminary October 2017 data for Abu Dhabi, United Arab Emirates, indicates high demand and strong performance growth.
Based on daily data from October, Abu Dhabi reported the following in year-over-year comparisons:
- Supply: +0.5%
- Demand: +13.2%
- Occupancy: +12.7% to 80.9%
- Average daily rate (ADR): +2.3% to AED465.58
- Revenue per available room (RevPAR): +15.3% to AED376.88
STR analysts point out that significant demand growth was helped by the World Skills competition, which was held 15-18 October. Occupancy was above 90% three times during the event, while ADR was more than AED500 each night.
STR will release full October 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.