STR’s preliminary May 2016 data for Abu Dhabi, United Arab Emirates, indicates higher occupancy levels and lower rates.
Based on daily data from May, Abu Dhabi reported the following in year-over-year comparisons:
- increases in supply (+4.0%) and demand (+5.3%);
- a 1.3% increase in occupancy to 74.4%;
- a 4.1% decrease in average daily rate (ADR) to AED433.10; and
- a 2.9% decrease in revenue per available room (RevPAR) to AED322.06.
Performance was helped by the Isra and Mi'raj holiday, which boosted Thursday, 5 May occupancy to 95.4% and ADR to AED558.59. Occupancy on Friday, 6 May reached 86.8%, and ADR was AED529.86.
STR will release May 2016 results later this month. The May edition of STR’s Market Forecast is now available.
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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