Market Report Abu Dhabi

Abu Dhabi Hotels Report 10.2 Percent RevPAR Increase for December 2017

Hotels in Abu Dhabi, United Arab Emirates, reported occupancy increased 8% to 79.4%, according to preliminary STR data. ADR also increased 2.1% to 496.70 Emirati dirhams ($135.30), which boosted RevPAR up 10.2% to 394.39 Emirati dirhams ($107.43).

STR’s preliminary December 2017 data for Abu Dhabi, United Arab Emirates, indicates significant performance growth.

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

  • Supply: +1.5%
  • Demand: +9.6%
  • Occupancy: +8.0% to 79.4%
  • Average daily rate (ADR): +2.1% to AED496.70
  • Revenue per available room (RevPAR): +10.2% to AED394.39

STR analysts attribute the month’s performance growth to the International Diabetes Federation Congress (4-8 December 2017), which helped push the market’s occupancy above 85% on four consecutive nights. The month’s absolute occupancy level would be the highest for any December on record since 2004.

STR will release full December and total-year 2017 results later this month. The January edition of STR’s market forecast will be available by the end of the month.

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