Monday 13 July 2020

Abu Dhabi hotels report good growth in September

ABU DHABI, October 15, 2019

Hotels in Abu Dhabi, UAE, reported significant growth in demand due to a strong events calendar in September, according to STR’s preliminary September 2019 data.  
Based on daily data from the month, 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 Dh249.03
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 September 7, the day of the Khabib vs. Poirer UFC fight. 
Other events helped the overall performance during the month as well. These include: InnoPack 2019 and CPhI Middle East and Africa (both held from September 16-18), and the 79th FIP World Congress of Pharmacy and Pharmaceutical Sciences (September 22-26). 
STR will release full September results later this month, it said. 
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. -TradeArabia News Service


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