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STR: Preliminary January data for Abu Dhabi hotels

February 14, 2017 Hotel Trends No Comments Email Email

STR’s preliminary January 2017 data for Abu Dhabi, United Arab Emirates, indicates sharp rate declines.
http://indusatryclub.com.au/
Based on daily data from January, Abu Dhabi reported the following in year-over-year comparisons:

  • Supply: +3.9%
  • Demand: +2.4%
  • Occupancy: -1.4% to 74.2%
  • Average daily rate (ADR): -10.0% to AED465.80
  • Revenue per available room (RevPAR): -11.2% to AED345.68

STR analysts note that Abu Dhabi’s ADR levels were once again pressured by supply growth in the market. However, the market’s hotels did record a significant uptick in RevPAR (+23.6%) on the last day of the month, mainly due to the Global Space Congress (31 January-1 February). Occupancy around the event reached 90.2% on 30 January and 89.8% on 31 January.

STR will release actual January 2017 results later this month.

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