STR: Preliminary November 2016 data for Abu Dhabi
 
STR: Preliminary November 2016 data for Abu Dhabi
12 DECEMBER 2016 9:28 AM

STR's preliminary November 2016 performance data for Abu Dhabi shows that the market's hotels reported a 3.1% occupancy decrease to 81%, an 11.1% ADR decrease to 660.14 Emirati dirham ($179.73) and a 13.8% RevPAR decline to 534.97 Emirati dirham ($145.65).

LONDON—STR’s preliminary November 2016 data for Abu Dhabi, United Arab Emirates, indicates significantly lower average daily rate in year-over-year comparisons.

Based on daily data from November, Abu Dhabi reported the following:

  • an increase in supply (+2.7%) and nearly flat demand (-0.4%);
  • a 3.1% decrease in occupancy to 81.0%;
  • an 11.1% decrease in ADR to AED660.14; and
  • a 13.8% decrease in revenue per available room (RevPAR) to AED534.97.

Despite the year-over-year decrease, the absolute ADR level would be the highest in Abu Dhabi since last November. Market performance for the month was helped by the Formula 1 Abu Dhabi Grand Prix (25-27 November), with four straight days of ADR above AED1,000 and year-over-year increases of 101.5% and 143.7%, respectively, on 24-25 November.

STR analysts also note that supply growth slowed a bit compared with the +3.6% average in the market during the first 10 months of 2016.

STR will release actual November 2016 results later this month.

International Media Contacts:

Alex Anstett
Media & Communications Coordinator
aanstett@strglobal.com
+44 (0)207 922 1979

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

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2 Comments

  • Marty December 24, 2016 6:46 AM Reply

    This arcilte keeps it real, no doubt.

  • Marty December 24, 2016 6:46 AM Reply

    This arcilte keeps it real, no doubt.

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