Abu Dhabi's hotel market posted positive year-over-year performance in October, according to preliminary data from STR. Occupancy grew 12.7% to 80.9%, ADR increased 2.3% to 465.58 Emirati dirhams ($126.75) and RevPAR was up 15.3% to 376.88 Emirati dirhams ($102.60).
LONDON—STR’s preliminary October 2017 data for Abu Dhabi, United Arab Emirates, indicates high demand and strong performance growth.
Based on daily data from October, Abu Dhabi reported the following in year-over-year comparisons:
- Supply: +0.5%
- Demand: +13.2%
- Occupancy: +12.7% to 80.9%
- Average daily rate (ADR): +2.3% to AED465.58
- Revenue per available room (RevPAR): +15.3% to AED376.88
STR analysts point out that significant demand growth was helped by the World Skills competition, which was held 15-18 October. Occupancy was above 90% three times during the event, while ADR was more than AED500 each night.
STR will release full October 2017 results later this month.
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