STR’s preliminary September 2018 data for Abu Dhabi, United Arab Emirates, indicates supply outpacing demand.
Based on daily data from September, Abu Dhabi reported the following in year-over-year comparisons:
• Supply: +5.1%
• Demand: -2.6%
• Occupancy: -7.4% to 67.4%
• Average daily rate (ADR): -1.9% to AED339.02
• Revenue per available room (RevPAR): -9.1% to AED228.45
STR analysts note that year-over-year performance comparisons for September were negatively affected by an earlier Eid al-Adha in 2018.
STR will release full September results later this month.
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