STR’s preliminary March 2016 data for Abu Dhabi, United Arab Emirates, indicates significant growth levels for demand and solid occupancy.
Based on daily data from March, Abu Dhabi reported the following in year-over-year comparisons:
- increases in supply (+3.2%) and demand (+7.3%);
- a 4.0% increase in occupancy to 83.3%;
- a 4.9% decrease in average daily rate (ADR) to AED515.70; and
- a 1.1% decrease in revenue per available room (RevPAR) to AED429.40.
Demand and occupancy were mostly helped by the Integrated Offshore Commissioning course, held 13-16 March. The market also received a lift from Abu Dhabi Aviation and Aerospace Week (6-12 March), which included the Abu Dhabi Air Expo (8-10 March) and the Red Bull Air Race (11-12 March).
STR will release March 2016 results during the week of 25 April.
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.
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