STR’s preliminary July 2016 data for Abu Dhabi, United Arab Emirates, indicates occupancy growth and lower rates.
Based on daily data from July, Abu Dhabi reported the following in year-over-year comparisons:
- increases in supply (+4.1%) and demand (+7.9%);
- a 3.7% increase in occupancy to 61.6%;
- a 5.4% decrease in average daily rate (ADR) to AED368.43; and
- a 1.9% decrease in revenue per available room (RevPAR) to AED227.07.
The Ramadan calendar shift between 2015 (18 June to 17 July) and 2016 (6 June to 5 July) led to significant variance in Abu Dhabi’s monthly performance figures for June and July. When shifting the comparison to the two Ramadan periods, 2016 resulted in a 14.3% decrease in RevPAR. That decrease was driven equally by lower occupancy levels and lower ADR.
STR will release actual July 2016 results during the week of 22 August.