STR: Preliminary June data for Abu Dhabi hotels
 
STR: Preliminary June data for Abu Dhabi hotels
10 JULY 2018 7:16 AM

STR's preliminary June 2018 data for hotels in Abu Dhabi, United Arab Emirates, saw occupancy increase 6.4% to 53.8% during the month, and despite a 4.5% ADR decline to 318.12 Emirati dirhams ($86.62), RevPAR rose 1.6% to 171.31 dirhams ($46.65).

LONDON—STR’s preliminary June 2018 data for Abu Dhabi, United Arab Emirates, indicates strong demand growth.

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

• Supply: +4.2%
• Demand: +10.9%
• Occupancy: +6.4% to 53.8%
• Average daily rate (ADR): -4.5% to AED318.12
• Revenue per available room (RevPAR): +1.6% to AED171.31

The year-over-year demand increase, which was boosted by an earlier Eid al-Fitr, would be the highest for a June since 2014. STR analysts note that the decrease in ADR is consistent with significant supply growth as hoteliers charge less for rooms in an effort to maintain occupancy levels.

Absolute RevPAR levels in Abu Dhabi have remained well below historical averages primarily due to lower ADR.

STR will release full June results later this month. The May edition of STR’s Market Forecast is available now for Abu Dhabi and a host of other markets across the globe.

Media Contacts:

Alex Anstett
Marketing & Communications
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at sricca@hotelnewsnow.com.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.