Tuesday 28 September 2021

Abu Dhabi hotel occupancy rates rise in April

LONDON, May 13, 2018

Hotels in Abu Dhabi continued to see occupancy levels rise in April despite an absence of high-impact market events, which would have resulted in a higher volume of bookings.

According to STR’s preliminary data report, it was the second consecutive April with occupancy growth in Abu Dhabi.

"In fact, the absolute occupancy level would be the highest for an April in the market since 2008," analysts noted.

The occupancy levels in Abu Dhabi climbed 2.7 per cent to 80 per cent in April, as demand rose 6.9 per cent and supply increased 4.1 per cent.

Average daily rate (ADR), however, declined 3.3 per cent to Dh432.12, resulting in a 0.7 per cent drop in revenue per available room (RevPAR) to Dh345.88.

ADR decreases have been common in the market with supply growth a factor in that trend, the report said. - TradeArabia News Service

Tags: hotel | RevPAR | Occupancy | April | ADR | Abu | Dhabi |

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