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STR releases preliminary May 2016 data for Abu Dhabi

June 18, 2016 Hotel Trends No Comments Email Email

STR’s preliminary May 2016 data for Abu Dhabi, United Arab Emirates, indicates higher occupancy levels and lower rates.https://www.pata.org/portfolio/ptm-2016/

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

  • increases in supply (+4.0%) and demand (+5.3%);
  • a 1.3% increase in occupancy to 74.4%;
  • a 4.1% decrease in average daily rate (ADR) to AED433.10; and
  • a 2.9% decrease in revenue per available room (RevPAR) to AED322.06.

Performance was helped by the Isra and Mi’raj holiday, which boosted Thursday, 5 Mayoccupancy to 95.4% and ADR to AED558.59. Occupancy on Friday, 6 May reached 86.8%, and ADR was AED529.86.

STR will release May 2016 results later this month. The May edition of STR’s Market Forecast is now available.

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