STR: Preliminary September data for Abu Dhabi hotels
LONDON — STR's preliminary September 2018 data for Abu Dhabi, United Arab Emirates, indicates supply outpacing demand.
• 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.
Manager, Marketing & Analysis
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. For more information, please visit str.com.