LONDON -- STR's preliminary February 2018 data for Abu Dhabi, United Arab Emirates, indicates strong occupancy growth but lower rates due to difficult-to-match comparisons from 2017.

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

  • Supply: flat
  • Demand: +5.1%
  • Occupancy: +5.1% to 81.0%
  • Average daily rate (ADR): -23.3% to AED431.34
  • Revenue per available room (RevPAR): -19.4% to AED349.20

The absolute occupancy level would be the highest for a February in Abu Dhabi since 2009. The decline in ADR came as a result of an off year for the biennial International Defence Exhibition & Conference (IDEX), which will be held once again in 2019.

STR will release full February results later this month. The 2017 Global Hotel Study is now available.

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