• Magazine Archive
  • Advertise With Us
  • Subscribe
  • Contact Us
Thursday, May 26, 2022
  • Login
Hotel News ME
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2022
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2022
      • KSA Awards 2021
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2021
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • The Big Night Life Awards
    • Executive Housekeepers Conference
  • Business Connect
No Result
View All Result
Hotel News ME
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2022
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2022
      • KSA Awards 2021
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2021
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • The Big Night Life Awards
    • Executive Housekeepers Conference
  • Business Connect
No Result
View All Result
Hotel News ME
No Result
View All Result
Home News

Knight Frank’s Abu Dhabi Report highlights the emirate’s strong RevPar growth

Sophia Soltani by Sophia Soltani
February 29, 2016
in News
A A

Knight Frank has released its Winter 2016 edition of the Abu Dhabi Hospitality Report. The research paper reveals while Abu Dhabi’s hospitality market saw subdued performance in the years leading up to 2013, the market has since gone from strength to strength, with three consecutive years of RevPAR growth. With growth in 2015 particularly impressive not only in light of global economic factors, but also relative to other hospitality markets in the GCC, in which many markets experienced declining performance. shutterstock_242771056(1)

Commenting on the latest report, Ali Manzoor, associate partner at Knight Frank, said: ‘‘Whilst Abu Dhabi has historically been driven by corporate and MICE visitation, leisure tourism has seen a boost over the past few years supported by the development of leisure demand generators including Saadiyat Island, Yas Waterworld, Yas Mall, and the Du Arena. This trend is expected to continue as future demand generators such as the upcoming Cultural District are completed. As a result, the more diversified demand base should be less susceptible to external forces.’’

The declining oil price has had an impact on visitation in the capital, with many hotel operators indicating that there was a softening of corporate demand particularly in terms of oil and government related visitation. With oil prices forecast to fall further in 2016, this trend is likely to continue – however this is anticipated to be counterbalanced to some degree by increasing leisure demand.

‘‘The luxury hotel sector in Abu Dhabi has undergone rapid transformation since 2011’’ noted Manzoor. ‘‘With a compound annual growth rate of 16 percent in luxury hotel rooms between 2011 and 2015, the market has seen the introduction of several luxury hotel developments including two St. Regis properties, the Sofitel, the Ritz Carlton, the Anantara and the Rosewood, which has made the luxury sector a fiercely competitive one. Luxury hotels which do not have clear differentiators are finding themselves in an increasingly precarious position, and the anticipated future supply poses a further risk.’’

The delivery of the Grand Hyatt, Four Seasons, Edition, Fairmont, Biltmore and Hard Rock Hotel over the next 24 months will have direct implications for the future performance of Abu Dhabi’s luxury sector – however this will only be an issue if the projects are delivered on schedule. The hotel supply in Abu Dhabi is often delayed, and as such, it is unlikely that the pipeline in its current state will materialise in its entirety as anticipated.

Tags: 2016 abu dhabi reportabu dhabiabu dhabi airportabu dhabi forecastabu dhabi RevParADRAli ManzoorDubaiGCC hospitality industryhospitalityhospitality industry UAEHospitality ReportHotel News MEHotelsKnight Frankluxury hotelsluxury hotels abu dhabiMarket UpdateRevParRevPar growthuae

Related Posts

Glion Institute of Higher education and Les Roches Global Hospitality Education  to showcase new Fast-track career-impact Executive Programs in Dubai
News

Glion Institute of Higher education and Les Roches Global Hospitality Education to showcase new Fast-track career-impact Executive Programs in Dubai

May 25, 2022
Al Hamra strengthens Ras Al Khaimah’s hospitality sector with two hotel openings this year
Hotels

Al Hamra strengthens Ras Al Khaimah’s hospitality sector with two hotel openings this year

April 21, 2022
The Ultimate Guide To Family Fun, Unique Experiences And Incredible Offers At Dubai Parks & Resorts This April
Hotels

The Ultimate Guide To Family Fun, Unique Experiences And Incredible Offers At Dubai Parks & Resorts This April

April 20, 2022

Trending

Accor to add 6,000 rooms to its Saudi Arabia portfolio by 2025
Hotel News ME

Accor to add 6,000 rooms to its Saudi Arabia portfolio by 2025

by admin
May 26, 2022

Read more
Zuma launches first-of-its-kind lifestyle concept  Debuting in Mykonos for summer 2022
F&B

Zuma launches first-of-its-kind lifestyle concept Debuting in Mykonos for summer 2022

by admin
May 25, 2022

Read more
Clap Dubai introduce a new summer menu with choice of drinks pairing
F&B

Clap Dubai introduce a new summer menu with choice of drinks pairing

by admin
May 25, 2022

Read more

Digital Magazine

Hotel News ME

Copyright © 2021
BNC Publishing. All Rights Reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2022
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2022
      • KSA Awards 2021
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2021
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • The Big Night Life Awards
    • Executive Housekeepers Conference
  • Business Connect

Copyright © 2021
BNC Publishing. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In