Abu Dhabi sees big jump in hotel occupancy, revenue

Latest STR Global data shows UAE capital has posted double digit increases in February

Abu Dhabi's hotel sector saw double-digit increases in occupancy rates and revenues during February, according to latest figures released by STR Global.

Hotels in the UAE capital experienced an 18.3 percent rise in occupancy last month compared to the same month last year.

STR Global data also showed that Abu Dhabi's revenue per available room (RevPAR) jumped 24.2 percent to $143.41 in February.

Three other Gulf markets achieved double-digit RevPAR increases - Muscat (up 15.8 percent to $205.47); Jeddah (up 10.5 percent to $179.95); and Dubai (up 10.4 percent to $238.36).

Muscat's hotels also registered strong occupancy rate growth last month - rising 16.2 percent to 83 percent.

Hotels in Jeddah, Saudi Arabia, posted the only double-digit increase in average daily rates in the Middle East/Africa region, rising 10.3 percent to $227.49.

According to STR Global, the Middle East/Africa region reported a 6.4 percent increase in occupancy to 66.4 percent, a 2.9 percent increase in average daily rate to $176.55 and a 9.5 percent increase in revenue per available room to $117.24.

The data also showed that occupancy rates across the UAE stood at 84.2 percent in February, up 5.7 percent. ADR was up seven percent and RevPAR up 13.1 percent.

Saudi Arabia's occupancy rate stood at 73.7 percent, up 6.6 percent while ADR was up 5.2 percent and RevPAR up 12.1 percent.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Arabian Travel Market: Diversification drives tourism investment

Arabian Travel Market: Diversification drives tourism investment

ATM in Dubai will show the changing face of the industry as entertainment...

1
Checking in to Africa's hospitality revolution

Checking in to Africa's hospitality revolution

With the African population soaring by 30 million people a year...

Arabs flee Gulf heat for Alpine idyll, despite talk of veil ban

Arabs flee Gulf heat for Alpine idyll, despite talk of veil ban

Zell am See's high mountains, dense forests and crystal-clear...

Most Discussed
sponsoredTracking