STR: Preliminary October data for Abu Dhabi hotels
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 percent
Demand: +13.2 percent
Occupancy: +12.7 percent to 80.9 percent
Average daily rate (ADR): +2.3 percent to AED465.58
Revenue per available room (RevPAR): +15.3 percent 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 percent three times during the event, while ADR was more than AED500 each night.
STR will release full October 2017 results later this month.