LONDON – STR's preliminary May 2016 data for Abu Dhabi, United Arab Emirates, indicates higher occupancy levels and lower rates.

Based on daily data from May, Abu Dhabi reported the following in year-over-year comparisons:

  • increases in supply (+4.0%) and demand (+5.3%);
  • a 1.3% increase in occupancy to 74.4%;
  • a 4.1% decrease in average daily rate (ADR) to AED433.10; and
  • a 2.9% decrease in revenue per available room (RevPAR) to AED322.06.

Performance was helped by the Isra and Mi'raj holiday, which boosted Thursday, 5 Mayoccupancy to 95.4% and ADR to AED558.59. Occupancy on Friday, 6 May reached 86.8%, and ADR was AED529.86.

STR will release May 2016 results later this month. The May edition of STR's Market Forecast is now available.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Jeff Higley (STR)
VP, Digital Media & Communications
+1 (615) 824-8664 ext. 3318
STR