STR: Preliminary April data for Abu Dhabi hotels
LONDON -- STR's preliminary April 2017 data for Abu Dhabi, United Arab Emirates, indicates occupancy growth and lower room rates.
Based on daily data from April, Abu Dhabi reported the following in year-over-year comparisons:
- Supply: +5.5%
- Demand: +7.3%
- Occupancy: +1.7% to 77.6%
- Average daily rate (ADR): -8.8% to AED452.42
- Revenue per available room (RevPAR): -7.2% to AED351.27
Performance in the market remained consistent with significant growth in both supply and demand.
STR will release actual April 2017 results later this month.
Media & Communications Coordinator - STR
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.