LONDON – Abu Dhabi’s hotel industry recorded higher occupancy than the month prior, but lower room rates, according to preliminary August 2022 data from STR.
- Occupancy: 65.2%
- Average daily rate (ADR): AED335.49
- Revenue per available room (RevPAR): AED218.90
Despite the month-over-month increase, the occupancy level remained slightly below the pre-pandemic comparable (-2.8%). RevPAR also came in higher than the prior month and was 2.7% above the August 2019 level. While ADR surpassed the pre-pandemic comparable (+5.6%), it was the lowest level for any month since September 2021.
All of STR’s COVID-19 analysis can be found here.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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