Abu Dhabi experienced higher occupancy levels but lower room rates in the month of April.
That is according to figures that have just been released by industry analysts STR.
STR analysts note that despite an absence of high-impact market events, this is the second consecutive April with occupancy growth in Abu Dhabi. In fact, the absolute occupancy level would be the highest for an April in the market since 2008.
ADR decreases have been common in the market with supply growth a factor in that trend.
Based on daily data from April, Abu Dhabi reported the following in year-over-year comparisons:
- Supply: +4.1%
- Demand: +6.9%
- Occupancy: +2.7% to 80.0%
- Average daily rate (ADR): -3.3% to AED432.12
- Revenue per available room (RevPAR): -0.7% to AED345.88
STR will release full April results later this month. The May edition of STR’s Market Forecast will be available at the end of the month.
