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Thu 26 Sep 2019 02:02 PM

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Abu Dhabi's August hotel occupancy hits 4 year high

Hoteliers recorded average occupancy at 67.1% across the UAE capita in Augustl, up nearly 4%

Abu Dhabi's August hotel occupancy hits 4 year high
According to STR’s market forecast, Abu Dhabi is expected to see further RevPAR growth for 2019 overall.

Hotel occupancy levels in Abu Dhabi rose to their highest mark for the month for four years, according to new figures released by analysts STR.

Hoteliers recorded average occupancy at 67.1 percent across the UAE capital, up nearly 4 percent on the same month last year.

Average daily rates (ADR) for August fell slightly by 0.9 percent to AED324.61 while revenue per available room (RevPAR) increased by 3 percent to AED AED217.73.

STR analysts noted that the largest ADR and RevPAR increases occurred during the Eid al-Adha holiday between August 11-13.

According to STR’s market forecast, Abu Dhabi is expected to see further RevPAR growth for 2019 overall.

For the wider Middle East market, STR said hotels reported negative performance results in August.

Occupancy fell by 0.6 percent to 63.1 percent while ADR decreased by 6.8 percent to $158.79 and RevPAR dropped by 7.3 percent to$100.23.

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