Abu Dhabi hotels post strong growth in October

Latest STR Global statistics reveal double digit growth in occupancy, ADR and RevPAR
A general view of Abu Dhabi. (Photo for illustrative purposes only)
By Andy Sambidge
Fri 29 Nov 2013 10:42 AM

Abu Dhabi hotels posted strong growth in key indicators including a double-digit rise in occupancy during October, according to new figures released by STR Global.

The UAE capital reported a 15.8 percent occupancy rate increase last month while average daily rates also soared by 10.7 percent to $172.77.

Hotel operators in Abu Dhabi also benefited from a 28.2 percent jump in revenue per available room (RevPAR) to $132.46, STR Global said.

The Omani capital of Muscat also registered strong RevPAR growth in October (up 11.5 percent to $173.66), the figures also showed.

By contrast, Egypt's capital city Cairo, which is still struggling amid a backdrop of political instability, saw big declines in all indicators.

Cairo fell 46.6 percent in occupancy to 2 percent, posting the largest decrease in that metric, and its ADR fell 11.6 percent to $100.23, while RevPAR plumetted by 52.8 percent to $28.06.

The Middle East/Africa region reported mixed performance results during October.

The region reported a 3.5 percent decrease in occupancy to 63.1 percent, a 5.9 percent increase in average daily rate to $191.44 and a 2.1 percent increase in revenue per available room to $120.88.

Occupancy rates at Dubai hotels remained flat in October as new supply outpaced demand.

Statistics published earlier this month showed that supply grew by 7.4 percent last month while the emirate saw a 6.7 percent growth in demand.

Hotels in Dubai saw occupancy fall marginally by 0.7 percent to 75.3 percent but other key indicators remained positive.

Abu Dhabi tourism chiefs said last month that just short of two million hotel guests visited the UAE capital in the first nine months of this year.

Figures released by Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) show that last month, the destination received 226,002 hotel guests - a 19 percent rise on September last year, with guest nights achieved rising 26 percent to 714,577.

Hotel revenues in the first nine months jumped by 18 percent to AED3.7bn ($1bn) while revenue per available room (RevPAR) rose 6 percent to AED285 ($114).

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