Abu Dhabi Hotel performance
Abu Dhabi Hotel Occupancy Reached August High
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 marketâ€...
STR: Abu Dhabi’s Hotel Performance Remained Steady in January
STR | February 15, 2023
LONDON – Abu Dhabi’s hotel occupancy remained roughly 5 percentage points lower than pre-pandemic levels, while average daily rate (ADR) and revenue per available room (RevPAR) far exceeded recent comparables for the month, according to preliminary January 2023 data from STR. Occupancy: 72.4% Average daily rate (ADR): AED508.45 Revenue per available room (RevPAR): AED368.16 Occupancy was slightly above January of last year (72.1%) but below the opening month of 2020 (77.6%) and 2019 (77.8%). The highest daily occupancy levels were seen on Monday, 16 January (88.5%) and Tuesday, 17 January (87.7%), which points to a higher ...
STR: Abu Dhabi Hotel Occupancy Reached Pandemic-Era High in November
STR | December 13, 2021
Abu Dhabi’s hotel industry reported its highest monthly occupancy level since the beginning of the pandemic, according to preliminary November 2021 data from STR. Occupancy: 77.1% Average daily rate (ADR): AED496.50 Revenue per available room (RevPAR): AED382.65 The market’s occupancy level was its highest since February 2020, while the ADR and RevPAR levels were the highest since December 2019 and November 2019, respectively....
