LONDON -- STR's preliminary January 2017 data for Abu Dhabi, United Arab Emirates, indicates sharp rate declines.

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

  • Supply: +3.9%
  • Demand: +2.4%
  • Occupancy: -1.4% to 74.2%
  • Average daily rate (ADR): -10.0% to AED465.80
  • Revenue per available room (RevPAR): -11.2% to AED345.68

STR analysts note that Abu Dhabi's ADR levels were once again pressured by supply growth in the market. However, the market's hotels did record a significant uptick in RevPAR (+23.6%) on the last day of the month, mainly due to the Global Space Congress (31 January-1 February). Occupancy around the event reached 90.2% on 30 January and 89.8% on 31 January.

STR will release actual January 2017 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.

Alex Anstett
Media & Communications Coordinator - STR
STR