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STR: Preliminary February data for Abu Dhabi hotels

March 13, 2017 Hotel Trends No Comments Email Email

STR’s preliminary February 2017 data for Abu Dhabi, United Arab Emirates, indicates significant growth driven by rate increases.  http://www.rembrandtbkk.com/

Based on daily data from February, Abu Dhabi reported the following in year-over-year comparisons:

  • Supply: +1.5%
  • Demand: +1.7%
  • Occupancy: +0.1% to 76.5%
  • Average daily rate (ADR): +17.9% to AED577.21
  • Revenue per available room (RevPAR): +18.1% to AED441.63

STR analysts attribute the strong demand and ADR spike to IBTM Arabia (6-8 February) and the International Defence Exhibition and Conference (19-23 February). The ADR percentage change was the highest in Abu Dhabi for any month since February 2015.

STR will release actual February 2017 results later this month.

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