STR: Preliminary April data for Abu Dhabi hotels
 
STR: Preliminary April data for Abu Dhabi hotels
11 MAY 2018 8:39 AM

Hotels in Abu Dhabi, United Arab Emirates, reported occupancy rose 2.7% to 80% in April, according to preliminary monthly data from STR. ADR dropped 3.3% to 432.12 Emirati dirhams ($117.66) and RevPAR dipped 0.7% to 345.88 dirhams ($94.18).

LONDON—STR’s preliminary April 2018 data for Abu Dhabi, United Arab Emirates, indicates higher occupancy levels and lower room rates.

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

• Supply: +4.1%
• Demand: +6.9%
• Occupancy: +2.7% to 80.0%
• Average daily rate (ADR): -3.3% to AED432.12
• Revenue per available room (RevPAR): -0.7% to AED345.88

STR analysts note that despite an absence of high-impact market events, this is the second consecutive April with occupancy growth in Abu Dhabi. In fact, the absolute occupancy level would be the highest for an April in the market since 2008.

ADR decreases have been common in the market with supply growth a factor in that trend.

STR will release full April results later this month. The May edition of STR’s Market Forecast will be available at the end of the month.

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

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