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Abu Dhabi hotel occupancy in February hits nine-year high

ABu-Dhabi-skylineSTR says absolute occupancy levels in UAE capital were the highest for a February since 2009

Hotel occupancy growth in Abu Dhabi remains strong, but with lower rates due to difficult-to-match comparisons from 2017, according to preliminary data from analysts STR. According to the data, supply has remained flat year-on-year from 2017, while demand has risen by 5.1 percent. Additionally, occupancy rose 5.1 percent to 81 percent. Average daily rates fell by 23.3 percent, to AED 431.34 ($117).

Revenue was found to have decreased 19.4 percent, to AED 349.20 ($95). The absolute occupancy level was found to be the highest for a February in Abu Dhabi since 2009. In January, STR said that occupancy rates across the UAE rose 0.5 percent last year to 75.1 percent in 2017, compared to the previous year.
Source : Arabian Business

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