Hotels in Abu Dhabi are forecast to post decreases in room rates during March while occupancy levels are set to rise, according to new figures.
STR Global’s preliminary March 2016 data indicates declines in average daily rates and revenue per available room when compared with the same month last year.
Based on daily data so far in March, Abu Dhabi reported a 3.2% increase in supply and a 7.3% rise in demand, reports sister publication Arabian Business.
The STR Global figures also showed that occupancy rates at hotels in the UAE capital are expected to increase by 4% last month to 83.3% compared to the same month in 2015.
Average daily rates are set to fall by 4.9% to US$140 (AED516) while revenue per available room is forecast to fall by 1.1% to (US $117 (AED429).
STR Global said in a statement: "Demand and occupancy were mostly helped by the Integrated Offshore Commissioning course, held March 13-16. The market also received a lift from Abu Dhabi Aviation and Aerospace Week, which included the Abu Dhabi Air Expo and the Red Bull Air Race."
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