STR: Preliminary September data for Abu Dhabi hotels
LONDON—STR’s preliminary September 2019 data for Abu Dhabi, United Arab Emirates, indicates significant growth in demand due to a strong events calendar.
Based on daily data from September, Abu Dhabi reported the following in year-over-year comparisons:
- Supply: +4.2%
- Demand: +12.9%
- Occupancy: +8.3% to 72.9%
- Average daily rate (ADR): +1.2% to AED341.72
- Revenue per available room (RevPAR): +9.6% to AED249.03
STR analysts note that the market’s largest daily increase in occupancy (+33.1%) and the second-highest daily jump in RevPAR (+37.3%) occurred on 7 September, the day of the Khabib vs. Poirer UFC fight. Other events helped overall performance during the month as well: InnoPack 2019 and CPhI Middle East and Africa (both held 16-18 September), and the 79th FIP World Congress of Pharmacy and Pharmaceutical Sciences (22-26 September).
STR will release full September 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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