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.