STR: Preliminary April data for Abu Dhabi hotels
STR's preliminary April 2019 data for Abu Dhabi, United Arab Emirates, indicates high demand and occupancy levels.
Based on daily data from April, Abu Dhabi reported the following in year-over-year comparisons:
- Supply: +4.6%
- Demand: +5.3%
- Occupancy: +0.7% to 80.4%
- Average daily rate (ADR): +2.8% to AED440.01
- Revenue per available room (RevPAR): +3.4% to AED353.98
The absolute occupancy level was the highest for any April in STR's Abu Dhabi database. STR analysts note that performance levels were pushed by events such as Culture Summit Abu Dhabi (7-11 April) and the Retail Abu Dhabi Spring Sales (15 April through 1 May).
STR will release full April results later this month.
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.