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.