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Mon 25 Feb 2019 02:12 PM

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Abu Dhabi hotel revenues rise to $490m in Q4

New data shows the number of hotel guests during Q4 rose to 1.34 million from 1.29 million in the previous quarter

Abu Dhabi hotel revenues rise to $490m in Q4
According to the statistics, hotel rooms in the UAE capital increased to 32,971 during Q4, a growth of 4.6 percent from 31,506 during Q3.

Hotel revenues across Abu Dhabi increased by about 73 percent to AED1.8 billion ($490 million) in the fourth quarter of 2018 compared to the previous quarter, according to the Statistics Centre - Abu Dhabi (SCAD).

SCAD attributed the growth to the robust tourist infrastructure boasted by Abu Dhabi in terms of attractive recreational facilities and rates.

According to the statistics, hotel rooms in the UAE capital increased to 32,971 during Q4, a growth of 4.6 percent from 31,506 during Q3.

The number of hotel guests during the same monitored period rose from 1.29 million to 1.34 million, with hotel nights up from 3.017 million to 3.58 million, which ratcheted occupancy rates from 66 percent to 78 percent.

GCC guests, according to the statistics, increased 36.6 percent during the last quarter of the year to 71,000, followed by non-Arab Africans (16.6 percent), with Arab nationals accounting for 7.5 percent, non-Arab Asians 5.4 percent and 5 percent for North and South Americans.

Room revenues accounted for AED991 million of hotel total income, followed by F&B (AED555 million), with other streams comprising AED228 million.

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