STR: Preliminary Abu Dhabi hotel data for February
LONDON—Lifted by IDEX, Abu Dhabi’s hotel industry reported its best performance since the start of the pandemic, according to preliminary February 2021 data from STR.
In addition to higher absolute levels, year-over-year comparisons were more favorable than previous months.
- Occupancy: 65.4% (-15.4%)
- Average daily rate (ADR): AED361.07 (-12.4%)
- Revenue per available room (RevPAR): AED236.03 (-25.9%)
The International Defense Exhibition and Conference (21-25 February) brought more than 62,000 attendees across the five days. When looking at daily data, Abu Dhabi hotels saw their highest ADR (+50.5% to AED606.80) and RevPAR (+34.4% to AED446.57) levels for the month on the first day of the conference.
All of STR’s COVID-19 analysis can be found here.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. 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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