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STR Global releases preliminary December 2015 data for Abu Dhabi

January 16, 2016 Hotel Trends No Comments Print Print Email Email

STR Global’s preliminary December 2015 data for Abu Dhabi, United Arab Emirates, indicates decreases in several performance metrics when compared with the same month last year.http://eventscrm.ttgasia.com/ttg2016/itcmchina/buyer/itcmbuyer.asp?code=GlobalTravelMedia

Based on daily data from December, Abu Dhabi reported:

  • increases in supply (+4.4%) and demand (+1.5%);
  • a 2.8% decrease in occupancy to 76.0%;
  • a 6.8% decrease in average daily rate to AED546.18; and
  • a 9.4% decrease in revenue per available room to AED415.35.

Abu Dhabi experienced a slow December with difficult-to-match comparisons from 2014, when RevPAR grew by 19.8%. Year to date, demand has outpaced supply in the market, although supply has outpaced demand over the last two months. Considering Abu Dhabi’s exceptional demand growth rates (which over a three-year period peaked at 33.4% in August 2013), STR Global analysts expected this trend would eventually wear off after supply caught up with demand.

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