LONDON — STR's preliminary September 2018 data for Abu Dhabi, United Arab Emirates, indicates supply outpacing demand.

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

• Supply: +5.1%
• Demand: -2.6%
• Occupancy: -7.4% to 67.4%
• Average daily rate (ADR): -1.9% to AED339.02
• Revenue per available room (RevPAR): -9.1% to AED228.45

STR analysts note that year-over-year performance comparisons for September were negatively affected by an earlier Eid al-Adha in 2018.

STR will release full September results later this month.

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.

Naureen Ahmed
Manager, Marketing & Analysis
STR