Abu Dhabi experiences occupancy growth but lower rates in February

Posted under Hotel News ME, News.
by Patrick Ryan | Published 7 months ago

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Abu Dhabi experienced occupancy growth in February but lower rates due to difficult-to-match comparisons from 2017.

Hotels in Abu Dhabi is Outstripping Demand - Hotel News MEBased on daily data compiled by industry analysts STR, from February, Abu Dhabi reported the following in year-over-year comparisons:

  • Supply: flat
  • Demand: +5.1%
  • Occupancy: +5.1% to 81.0%
  • Average daily rate (ADR): -23.3% to AED431.34
  • Revenue per available room (RevPAR): -19.4% to AED349.20

A spokesperson for STR said: “The absolute occupancy level would be the highest for a February in Abu Dhabi since 2009. The decline in ADR came as a result of an off year for the biennial International Defence Exhibition & Conference (IDEX), which will be held once again in 2019.”

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