CoStar Group | September 17, 2024

WASHINGTON – 17 September 2024 – Helped by three events, Abu Dhabi posted its highest August hotel occupancy on record, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. 

August 2024 (year-over-year % change):

  • Occupancy: 75.9% (+10.5%)
  • Average daily rate (ADR): AED434.30 (+8.0%)
  • Revenue per available room (RevPAR): AED329.80 (+19.3%)

Abu Dhabi saw its highest daily occupancy level (83.7%) and RevPAR (AED368.16) on Wednesday, 14 August–the first night of the 2024 International Chess Festival.

The market’s highest ADR (AED455.49) was posted on UFC Fight Night (Saturday, 3 August).

The 2024 Abu Dhabi International Hunting and Equestrian Exhibition started on 31 August, pushing occupancy to 72.2%, and ADR and RevPAR to AED442.53 and AED319.39, respectively.

For more information about the company and its products and services, please visit www.costargroup.com. 

Additional Performance Data
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