STR: Preliminary February data for Abu Dhabi hotels
 
STR: Preliminary February data for Abu Dhabi hotels
12 MARCH 2018 7:31 AM

Preliminary February 2018 data from STR shows hotels in Abu Dhabi, United Arab Emirates, saw occupancy increase 5.1% to 81%, but ADR decreased 23.3% to 431.34 Emirati dirhams ($117.45) and RevPAR fell 19.4% to 349.20 dirhams ($95.09).

LONDON—STR’s preliminary February 2018 data for Abu Dhabi, United Arab Emirates, indicates strong occupancy growth but lower rates due to difficult-to-match comparisons from 2017.

Based on daily data 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

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.

STR will release full February results later this month. The 2017 Global Hotel Study is now available.

Media Contacts:

Alex Anstett
Marketing & Communications
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

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