Market Report Abu Dhabi

Abu Dhabi Hotels Report 11.2 Percent RevPAR Drop for January 2017

STR analysts note that Abu Dhabi’s ADR levels were once again pressured by supply growth in the market. However, the market’s hotels did record a significant uptick in RevPAR (+23.6%) on the last day of the month, mainly due to the Global Space Congress (31 January-1 February).

STR’s preliminary January 2017 data for Abu Dhabi, United Arab Emirates, indicates sharp rate declines.

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

  • Supply: +3.9%
  • Demand: +2.4%
  • Occupancy: -1.4% to 74.2%
  • Average daily rate (ADR): -10.0% to AED465.80
  • Revenue per available room (RevPAR): -11.2% to AED345.68

STR analysts note that Abu Dhabi’s ADR levels were once again pressured by supply growth in the market. However, the market’s hotels did record a significant uptick in RevPAR (+23.6%) on the last day of the month, mainly due to the Global Space Congress (31 January-1 February). Occupancy around the event reached 90.2% on 30 January and 89.8% on 31 January.

STR will release actual January 2017 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.



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