Abu Dhabi hotels’ occupancy, ADR, RevPar rises in June 2019

Abu Dhabi hotels’ occupancy, ADR, RevPar rises in June 2019
Image used for illustrative purpose only. Image: File
Published: 15 July 2019 - 6:30 a.m.
By: Priyanka Praveen
Abu Dhabi’s hotel performance recorded a growth in all its performance indicators in June 2019, STR’s preliminary data for the emirate revealed.

Supply in Abu Dhabi increased by 5.4% and demand saw a double-digit growth of 23% when compared to the same period last year.

Occupancy rates rose by 16.8% (in comparison to last year) to 62.9%, while average daily rate (ADR) increased by 7.2% to AED339.31 ($92.3921).

Abu Dhabi’s revenue per available room (RevPAR) rose by 25.2% (in comparison to 2018) to AED 213.43 ($58.1157).

According to STR, the absolute occupancy level in Abu Dhabi is the highest for a June since 2014.

STR analysts also stated that following the end of Ramadan on 4 June 2019, performance levels rose significantly.

On 6 June 2019, the emirate witnessed the highest year-on-year percentage changes in the three key performance metrics, with occupancy rising by 102.3%, ADR increasing by 60.5% and RevPAR shooting up by 224.7%.

In May 2019, Abu Dhabi's hotel occupancy dropped along with ADR and RevPAR.


Click here to add your comment

Please add your comment below
Name
Country
Email
Your email address will not be published
Captcha