Preliminary February performance data for Abu Dhabi shows occupancy was nearly flat (+0.1% to 76.5%), but ADR rose 17.9% to 577.21 Emirati dirhams ($157.15) and RevPAR increased 18.1% to 441.63 Emirati dirhams ($120.24).
LONDON—STR’s preliminary February 2017 data for Abu Dhabi, United Arab Emirates, indicates significant growth driven by rate increases.
Based on daily data from February, Abu Dhabi reported the following in year-over-year comparisons:
- Supply: +1.5%
- Demand: +1.7%
- Occupancy: +0.1% to 76.5%
- Average daily rate (ADR): +17.9% to AED577.21
- Revenue per available room (RevPAR): +18.1% to AED441.63
STR analysts attribute the strong demand and ADR spike to IBTM Arabia (6-8 February) and the International Defence Exhibition and Conference (19-23 February). The ADR percentage change was the highest in Abu Dhabi for any month since February 2015.
STR will release actual February 2017 results later this month.
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