STR: Preliminary June data for Abu Dhabi hotels
LONDON—STR’s preliminary June 2019 data for Abu Dhabi, United Emirates, indicates high performance due to double-digit demand growth.
Based on daily data from June, Abu Dhabi reported the following in year-over-year comparisons:
- Supply: +5.4%
- Demand: +23.0%
- Occupancy: +16.8% to 62.9%
- Average daily rate (ADR): +7.2% to AED339.31
- Revenue per available room (RevPAR): +25.2% to AED213.43
The absolute occupancy level in Abu Dhabi is the highest for a June since 2014. STR analysts note that following the end of Ramadan on 4 June, performance levels rose significantly with 6 June seeing the highest year-over-year percentage changes in the three key performance metrics: occupancy (+102.3%), ADR (+60.5%) and RevPAR (+224.7%).
STR will release full June results later this month.
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. For more information, please visit str.com.
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