Abu Dhabi sees big jump in hotel occupancy, revenue

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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.

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