Abu Dhabi Hotels Report 15.3 Percent RevPAR Increase for October 2017
STRs preliminary October 2017 data for Abu Dhabi, United Arab Emirates, indicates high demand and strong performance growth.
Based on daily data from October, Abu Dhabi reported the following in year-over-year comparisons:
- Supply: +0.5%
- Demand: +13.2%
- Occupancy: +12.7% to 80.9%
- Average daily rate (ADR): +2.3% to AED465.58
- Revenue per available room (RevPAR): +15.3% to AED376.88
STR analysts point out that significant demand growth was helped by the World Skills competition, which was held 15-18 October. Occupancy was above 90% three times during the event, while ADR was more than AED500 each night.
STR will release full October 2017 results later this month.
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