Abu Dhabi’s hotel performance remained steady in January
Abu Dhabi’s hotel occupancy remained roughly 5 percentage points lower than pre-pandemic levels, while average daily rate (ADR) and revenue per available room (RevPAR) far exceeded recent comparables for the month, according to preliminary January 2023 data from STR.
Abu Dhabi’s hotel occupancy remained roughly 5 percentage points lower than pre-pandemic levels, while average daily rate (ADR) and revenue per available room (RevPAR) far exceeded recent comparables for the month, according to preliminary January 2023 data from STR.
- Occupancy: 72.4%
- Average daily rate (ADR): AED508.45
- Revenue per available room (RevPAR): AED368.16
Occupancy was slightly above January of last year (72.1%) but below the opening month of 2020 (77.6%) and 2019 (77.8%). The highest daily occupancy levels were seen on Monday, 16 January (88.5%) and Tuesday, 17 January (87.7%), which points to a higher volume of business travel.
The market’s average daily rate (ADR) and revenue per available room (RevPAR) surpassed the 2019 comparables by 14.6% and 6.6%, respectively. Increases on 2022 and 2020 levels were slightly higher.
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