Abu Dhabi hotels set to post highest June occupancy for five years

STR's preliminary June data for the UAE capital indicates high performance due to double-digit demand growth
Abu Dhabi hotels set to post highest June occupancy for five years
Yas Hotel is one of Abu Dhabi's most sought after hotels and is located on Yas Island.
By Sam Bridge
Fri 19 Jul 2019 02:52 AM

Hotels in Abu Dhabi are set to post the highest absolute occupancy level for June for five years.

STR’s preliminary June data for the UAE capital indicates high performance due to double-digit demand growth.

Based on daily data from June, Abu Dhabi reported a 5.4 percent increase in supply but a 23 percent jump in demand.

STR said occupancy is set to soar by 16.8 percent to 62.9 percent, the highest mark for June since 2014.

The data also revealed a 7.2 percent rise in average daily rate (ADR) to AED339.31 and a 25.2 percent increase in revenue per available room (RevPAR) to AED213.43.

STR analysts noted that following the end of Ramadan on June 4, performance levels rose significantly with June 6 seeing the highest year-on-year percentage changes in the three key performance metrics - occupancy (up 102.3 percent), ADR (up 60.5 percent) and RevPAR (up 224.7 percent).

STR will release full June results later this month.

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