Preliminary June data for Abu Dhabi hotels ·

Preliminary June data for Abu Dhabi hotels

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%).

About STR
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

Source: Read Full Article