Abu Dhabi witnesses 81% occupancy in October 2017

Abu Dhabi witnesses 81% occupancy in October 2017
Abu Dhabi posted positive results in October 2017.
Published: 12 November 2017 - 5:11 a.m.
By: Devina Divecha

According to preliminary October data released by STR, Abu Dhabi's hotels posted strong year-on-year performance in that month.

Occupancy in the UAE capital grew 12.7% to 80.9%, while ADR increased 2.3% to AED 465.58 (US $126.75). In October 2017, RevPAR was up 15.3% to AED 376.88 ($102.60). 

During this time, supply increased by 0.5% as compared to October 2016, while demand rose by 13.2%.

STR analysts revealed in a press statement that "significant demand growth" was helped by the World Skills competition, which was held during October 15-18. Occupancy was above 90% three times during the event, while ADR was more than AED 500 ($136) each night.

The full October 2017 results from STR will be released later this month.

 


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