Abu Dhabi hotels ‘show significant growth’

Posted under News.
by Patrick Ryan | Published 9 months ago

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Hotels in Abu Dhabi showed significant growth in December 2017, according to preliminary data supplied by STR.

Hotels in Abu Dhabi is Outstripping Demand - Hotel News MEBased 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.

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