STR: Preliminary March data for Abu Dhabi hotels
Reflecting the circumstances around the COVID-19 pandemic, STR's preliminary March data for Abu Dhabi shows significant year-over-year declines in the three key performance metrics.
Compared with March 2019 data:
- Occupancy: -32.9% to 55.1%
- Average daily rate (ADR): -32.6% to AED333.92
- Revenue per available room (RevPAR): -54.7% to AED183.86
Daily data for the month showed 31 consecutive days of double-digit decreases in each of the three key performance metrics.
STR continues to monitor the COVID-19 impact on the hotel industry. More information and analysis can be found here.
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. 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.