Market Report Abu Dhabi

Abu Dhabi Hotels Report 25.2 Percent RevPAR for June 2019

According to preliminary June data from STR, Abu Dhabi hotel occupancy rose 16.8% to 62.9%, ADR increased 7.2% to 339.31 Emirati dirhams ($92.39) and RevPAR jumped 25.2% to 213.43 dirhams ($58.12).

STR

STR’s preliminary June 2019 data for Abu Dhabi, United Emirates, indicates high performance due to double-digit demand growth.

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

• Supply: +5.4%
• Demand: +23.0%
• Occupancy: +16.8% to 62.9%
• Average daily rate (ADR): +7.2% to AED339.31
• Revenue per available room (RevPAR): +25.2% to AED213.43

The absolute occupancy level in Abu Dhabi is the highest for a June since 2014. STR analysts note that following the end of Ramadan on 4 June, performance levels rose significantly with 6 June seeing the highest year-over-year percentage changes in the three key performance metrics: occupancy (+102.3%), ADR (+60.5%) and RevPAR (+224.7%).

STR will release full June results later this month.

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.



Logos, product and company names mentioned are the property of their respective owners.